Is it permissible to take personal loans from Islamic banks, such as the Qatar International Islamic Bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
What we know is that Islamic banks offer Murabaha financing to a party who commissions a purchase, and this is a permissible transaction. As for personal loans, where usurious banks pay money to a customer for him to return it with interest, these are forbidden usurious loans, especially if the contract includes an increase for delayed payment.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/148627
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 148627
- 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