What is the ruling on borrowing from usurious banks with a "good loan" (without interest) under conditions that include transferring one's salary and committing to provide a certain amount, so that the borrower is given an equal amount and repays it in installments?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to take a loan from a bank in exchange for transferring your salary to it or depositing money in it. This is because it is considered lending to the bank in return for obtaining a loan from it, which is forbidden by Islamic law due to the jurists' saying: "Every loan that draws a benefit is usury (riba)."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/66520
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 66520
- 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