Is it permissible to take out a loan from an Islamic bank, either a benevolent loan (qard hasan) or a murabahah loan, at an annual rate of 6% to pay off the apartment installment, contribute to building a plot of land, and settle the wife's debt, or is borrowing restricted to necessities only?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The legitimate Islamic controls are the basis for dealing with an Islamic bank. To learn about them concerning Murabaha and Tawarruq, please refer to fatwas no. 31451 and 31758.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/111140
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 111140
- 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