Is it permissible to take a loan from banks with a small interest rate, especially if people do not lend money except with a higher interest rate than banks due to monopolization?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Usury (riba) is impermissible, whether the lender is a bank or an individual, as it is one of the gravest sins. However, purchasing an item for a deferred price that exceeds its cash price is permissible, provided its conditions are met.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/52529
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 52529
- 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