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The question

What is the ruling on taking out a loan with interest to finance a charitable project in Islamic countries?

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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 borrow with interest to finance charitable projects or any other projects, because borrowing with interest is the very essence of forbidden usury (riba). Charitable projects must be financed with lawful money, and it is not permissible to commit a forbidden act to achieve this goal, for the Prophet, peace and blessings be upon him, said: "Whatever I have forbidden for you, avoid it. And whatever I have commanded you to do, do as much of it as you can."

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Ftawy
Original fatwa ID
31585
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