What is the ruling on taking a loan from the Saudi Credit and Saving Bank to open a commercial shop?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to borrow if it is a benevolent loan () that does not stipulate an increase. However, borrowing with the stipulation of interest or a penalty for late payment is usury (riba), which is forbidden by scholarly consensus. Based on what is stated in the bank's general system, if the bank offers interest-free loans to small and emerging businesses, as well as to artisans and professionals, and also interest-free social loans to those with limited incomes, then there is no harm in borrowing from it, provided that interest in all its forms is absent.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/19250
Where this answer came from
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- Ftawy
- Original fatwa ID
- 19250
- 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