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The question

Is it permissible to take personal loans from Islamic banks, such as the Qatar International Islamic Bank?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

What we know is that Islamic banks offer Murabaha financing to a party who commissions a purchase, and this is a permissible transaction. As for personal loans, where usurious banks pay money to a customer for him to return it with interest, these are forbidden usurious loans, especially if the contract includes an increase for delayed payment.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
148627
Imported
Translation status
Source text, unreviewed
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