Is it permissible to purchase a home or finance a project through a bank that buys the commodity (a home or machinery for the project) and the customer repays the bank in installments with a specified interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is forbidden for the bank to lend the price of a house or equipment, whether it pays it to the customer or to the seller. It is not permissible for the customer to enter into an interest-based loan contract except in cases of urgent necessity. There is an alternative to interest-bearing borrowing, which is Murabaha sale for the one who commands the purchase.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/89263
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 89263
- 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