Back to search
The question

Are loans from banks permissible via Islamic facilitation, such as when the bank sells iron and gives the amount [of money] and settles it in installments with the client?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Perhaps the questioner is referring to the Murabaha system in Islamic banks, which is not a loan, but rather a sale on credit with profit; otherwise, it would be Riba (usury). We should note that if "gives you the amount" is what is meant, then it is not Murabaha, but rather a loan, and if it involves interest, then it is Riba.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
47269
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy