Is it permissible to borrow from the bank with interest not exceeding 5% to establish an industrial project in Canada, with the bank bearing part of the loss or gain when selling the equipment in case the project fails?

Naming usurious interest as "administrative fees" does not change its ruling, for every loan that draws a benefit is usury (riba). However, actual fees for processing the loan are permissible and are not considered interest. Any increase beyond the actual services is forbidden because it is usury. If the aforementioned loan is usurious, it is not permissible to enter into it. Many Sharia (definition)-compliant alternatives exist, such as Tawarruq (monetization), Istisna' (manufacturing contract), and diminishing Musharakah (definition) (partnership).