What is the legal permissibility of the two financing operations for the Housing Loan Fund for Education Sector Employees: a 3% interest rate, and the arrangement of loans by banks at a 6.5% rate (with the state bearing 2%), making the borrower pay a 4.5% interest rate?

It is not permissible for the state or any other entity to compel employees to enter into a deduction contract for savings or other purposes; this is based on the Almighty's saying: "O you who have believed, do not consume one another's wealth unjustly but only [in lawful] trade by mutual consent." The prohibition becomes even stronger if the employee does not benefit from the deducted money, but rather it goes to others without their permission and consent, as this is clear injustice. The Messenger of Allah, peace and blessings be upon him, said: "The wealth of a Muslim person is not lawful except with his good consent." Likewise, borrowing with interest is not permissible, as it is explicit usury and one of the gravest major sins.