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The question

What is the ruling on a lender stipulating that they receive a portion of the borrowed money as a condition for completing the loan?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The condition of taking a loan in exchange for a guarantee is forbidden, because a guarantee is an act of benevolence, not an exchange for consideration. It is not permissible to take compensation for it, as it resembles a loan that draws a benefit.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
101767
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy