What is the ruling on taking a loan from the Saudi Hollandi Bank after their claim that the Sharia committee has approved it?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to take a loan from any bank unless it is a (a benevolent loan), which is unrealistic. It is also not permissible to borrow with interest, even if by stratagem. Similarly, it is not permissible to open an account in usurious banks when Islamic alternatives are available.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 67401
- Imported
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- Source text, unreviewed
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