What is the ruling on taking out loans from interest-based banks to pay off debts or for trade in Islam?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to borrow from banks with interest because it is from the forbidden riba (usury), whether it is to pay off debts or for trade. Borrowing in this way does not solve problems but increases them, and wealth acquired through riba will be erased by Allah. Creditors must give respite to the debtor in difficulty, and the debtor must strive to repay the debt and be economical in his actions.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/31014
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 31014
- 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