What is the ruling on taking a loan from an Islamic bank that branched off from a usurious bank, and what is the ruling on the murabaha rate (5%) remaining fixed for all cars, and what is the ruling on the murabaha value being waived when the remaining amount is paid?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Dealing with the Islamic branches of riba-based banks is permissible if they adhere to , and there is no issue with the fixed profit margin in Murabaha. Paying installments in a single lump sum is better to discharge oneself from debt. As for accelerating the payment of a Murabaha debt in exchange for a reduction of part of it (da' wa ta'ajjal - "give up a part and hasten"), this requires elaboration. Murabaha is a deferred sale, not a loan, and if the bank does not purchase the commodity and pay its price on behalf of the client, then it is a forbidden contract.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/97647
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- Ftawy
- Original fatwa ID
- 97647
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- . 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