Is it permissible to take personal loans from Islamic banks, such as the Qatar International Islamic Bank?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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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- 148627
- Imported
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