Is it permissible to take a loan from Al Baraka Islamic Bank in Turkey to buy an apartment and sell it for profit, given that there is a 5% interest deducted from the borrowed amount?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the aforementioned loan is an interest-bearing (riba-based) loan, then it is forbidden by , and the fact that the bank carries an Islamic name does not make it permissible. Dealing in usury (riba) is one of the major sins and is only permissible in cases of dire necessity, and studying is not considered one of these necessities. It is possible to purchase an apartment in installments through murabaha (cost-plus financing) and then sell it for cash, which is known as tawarruq.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/150991
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 150991
- 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