Is it permissible to take interest from banks if this interest will later be paid as interest on a loan taken from the same bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to take usurious interest from the bank for personal benefit, as it is ill-gotten wealth that must be spent on general Muslim interests such as roads, hospitals, and orphanages, or given in charity to the needy and the poor. Paying it back to the bank again benefits the one who took it, which is impermissible and leads to the sin of consuming usury. What is obligatory is to withdraw the money from the usurious bank, not to borrow from it again, and to repent sincerely.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/34525
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 34525
- 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