Is it permissible to take out a loan against one's salary and place the loan amount in a savings certificate to benefit from its returns, while committing to repaying the loan installments?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the loan is repaid with a stipulated increase, then it is an usurious loan and forbidden. As for a goodly loan (), there is no harm in it. Investing money in savings certificates in interest-based banks is forbidden, but if it is in Islamic banks that operate according to guidelines, then it is permissible.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/182700
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 182700
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy