Is buying a car by taking a loan from the bank with the mother's account as collateral, and repaying it with specified interest while freezing the guaranteed amount from the mother's account, permissible or forbidden (halal or haram)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The reality of a loan is taking money and returning its equivalent. Any stipulated increase on it is considered usury (riba), which is (forbidden) by consensus, whether the increase is in kind or benefit. Therefore, it is not permissible to enter into a loan transaction with interest with the bank, even if the bank freezes a portion of the mother's account, because the usurious transaction has already occurred between the borrower and the bank.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/17492
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 17492
- 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