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The question

What is the ruling on borrowing with interest from a non-Islamic bank, in order to increase income and achieve a personal benefit, after it became impossible to borrow from Islamic banks?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to obtain project financing through a usurious loan. Usury is only permitted in cases of dire necessity, where its absence would lead to the perishing of the individual or bring them close to it. Increasing income and developing trade do not constitute such a necessity.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
132207
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.
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Read the full answer on Ftawy