Is a loan with 3% interest, a rate equivalent to the inflation rate, considered an usurious and forbidden loan?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to borrow from the company as long as it takes interest in return for the loan, because it is an interest-bearing loan, even if the percentage taken equals the annual inflation rate of the currency. The depreciation of the currency does not justify taking usury, and what is considered in the repayment of debt is similarity, not value.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/49456
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 49456
- 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