What is the ruling on a personal loan from an Islamic bank that sells gold, and what is the difference between Islamic banks and others regarding the issue of loans?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The transaction mentioned is not a loan; rather, it is a murabaha sale conducted by Islamic banks for a client who requests to purchase an item. It is advisable to contact the bank's board to understand the details of the transaction and its ruling, as Islamic banks vary in their adherence to Sharia guidelines.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/149216
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 149216
- 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.
- Read the full ruling
- Read the full answer on Ftawy