What is the ruling on taking a loan from an interest-based bank out of necessity, given the absence of Islamic financial institutions?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The transaction in question is impermissible because it involves usury (riba). It is only permissible in cases of dire necessity, where one's life or a similar unbearable hardship is at stake. If someone takes out an interest-bearing loan without necessity and establishes a project with it, their project is permissible, and its earnings are lawful. However, they must repent to Allah.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/81714
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- Ftawy
- Original fatwa ID
- 81714
- 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