Is it permissible to take a bank loan with an interest-bearing rate?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible for a Muslim to borrow with interest; for every loan that draws a benefit is usury (riba), and the Prophet, peace and blessings be upon him, cursed the one who consumes riba, the one who pays it, its scribe, and its two witnesses.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/42823
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 42823
- 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