Is it permissible for a man to take a loan from a bank to cover household expenses or pay his rent, in the event that there is no one who can lend to him or from whom he can borrow?
It is permissible to borrow from a bank through -compliant methods, such as a benevolent loan () or purchasing a commodity with an installment-based increase (murabaha). However, it is not permissible to borrow through forbidden usurious loans, concerning which severe warnings have been mentioned in the Qur'an and .
Necessity does not permit borrowing with usury, because the one in a state of dire necessity (mudtarr) is he who fears for his life.
Dealing with banks should be avoided as much as possible, even through Sharia-compliant methods, because their funds are often not free from unlawful elements. And whoever safeguards himself from doubtful matters has indeed cleared himself in respect to his religion and honor.
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
- 19340
- 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