Is it permissible to take a loan from an usurious bank to establish a small enterprise, the cost of which is not available except by paying 10% from one's own funds, with an agency paying 20%, and the bank paying 70% with an additional 3% interest for the bank?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
This transaction is an interest-based loan provided by the state, and it is not permissible to undertake it except in a case of necessity where one finds no other way to avert it.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/114675
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 114675
- Imported
- Translation status
- Source text, unreviewed
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