Is it permissible to consider the bank interest when purchasing a house in installments as equivalent to rent for using the house, and thus not usury, especially if the bank repossesses the house upon failure to pay?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Usury (Riba) is one of the gravest forbidden acts, and its ruling does not change based on whether the borrower benefits from the loan for food and drink, or for housing, trade, or industry. None of the exegetes or jurists have stated that prohibited usury is restricted to the poor and needy, or to consumer usury without exploitative usury. Rather, the evidence establishes the prohibition of both consumer and exploitative usury.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/184190
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- Ftawy
- Original fatwa ID
- 184190
- 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