What is the ruling on borrowing from a usurious bank where the Ministry of Finance pays a 1% service fee instead of the borrower, and does the ruling differ if the contract does not mention the details of paying this percentage?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Actual fees versus loan procedures are permissible, for they are like the wages of the measurer and the weigher. However, if the payment is usurious interest and not a service fee, then the contract is usurious and forbidden.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/114890
Where this answer came from
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- Ftawy
- Original fatwa ID
- 114890
- 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