What is the ruling on taking a loan from the Saudi Credit and Saving Bank to open a commercial shop?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to borrow if it is a benevolent loan () that does not stipulate an increase. However, borrowing with the stipulation of interest or a penalty for late payment is usury (riba), which is forbidden by scholarly consensus. Based on what is stated in the bank's general system, if the bank offers interest-free loans to small and emerging businesses, as well as to artisans and professionals, and also interest-free social loans to those with limited incomes, then there is no harm in borrowing from it, provided that interest in all its forms is absent.
Summarized from the full answer at Ftawy · imported
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- 19250
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