Is it permissible to borrow from a bank to purchase machinery, with repayment over three years without interest, on the condition that if there is a delay, the bank stipulates interest, but then it is possible to relinquish the machinery to the bank without interest, is this permissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is impermissible to enter into a contract that stipulates the payment of usurious interest, even if one could avoid it, except in cases of necessity or a recognized need. In such instances, the need is assessed according to its extent.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/120285
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 120285
- 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