Is it permissible to obtain a personal loan of 100,000 from Qatar Islamic Bank to purchase a car, to be repaid over 4 years with a profit rate of 3.2%?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The financial transactions conducted by Islamic banks are not called loans because it is not permissible to take interest on a loan; otherwise, it would be usury. Rather, these are murabaha and similar permissible sales.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/153660
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- Ftawy
- Original fatwa ID
- 153660
- 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