Is it permissible or forbidden to take out an interest-bearing loan when necessary?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Borrowing from a bank with interest is usury (riba), which is Islamically forbidden. Allah has warned those who deal in usury, and the Prophet, peace and blessings be upon him, cursed the one who consumes usury, the one who feeds it, its scribe, and its two witnesses. Borrowing with interest is permissible in cases of extreme necessity where there is a fear of harm to oneself, one's limb, one's honor, one's mind, or one's wealth. However, luxuries or saving money to upgrade a business are not considered genuine necessities that permit borrowing with interest.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/116688
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 116688
- 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