What is the ruling on borrowing from usurious banks with a "good loan" (without interest) under conditions that include transferring one's salary and committing to provide a certain amount, so that the borrower is given an equal amount and repays it in installments?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to take a loan from a bank in exchange for transferring your salary to it or depositing money in it. This is because it is considered lending to the bank in return for obtaining a loan from it, which is forbidden by Islamic law due to the jurists' saying: "Every loan that draws a benefit is usury (riba)."
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 66520
- Imported
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