What is the Islamic legal ruling on creating a computer program that helps in obtaining interest-based loans from the bank to purchase a house, knowing that the real estate company compels life and loan insurance and the resultant payment of interest (riba) on late payments?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The aforementioned transaction involves several violations, including: life insurance, interest-based loans, and insuring the loan amount and its interest. Accordingly, it is not permissible for you to participate in the work of this program, due to the cooperation in sin and transgression, which is forbidden in Sharia.
Summarized from the full answer at Ftawy · imported
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