Fatwas Archive

Question: Is it permissible for a man to borrow from a usurious bank if he is in need of that, though he is not content with the loan’s interest, but necessity has driven him to accept it unwillingly?

Question: Is it permissible to deposit in usurious banks, knowing that when the depositor wants to take his money, he takes it without increase or decrease, and he deposits it only for safekeeping and nothing else? Is such depositing considered...

Question: Is it permissible, in the Law, for a company to say to its customers: “Let each customer pay one hundred riyals this month”—and their customers number in the hundreds of thousands—“in return for which the company, at the end...

Question: A man bargained with another over the purchase of a car. The car’s owner knew that the bargainer did not possess the car’s price and only wanted to buy it on credit. The sale was concluded between the two...

Question: A man reported this evening that he bought a car and paid approximately half its price; the seller gave him a term for the other half. He has paid what he owed, except that he added about fifteen thousand...

Question: A young man wishes to marry but has nothing with which to marry, and he fears falling into the unlawful. Is it permissible for him to borrow from a usurious bank, or not?

Question: What is the rationale for prohibiting the sale of gold for gold on credit—and likewise silver and grain—while permitting a loan of the same? Are not sale and loan the same?

Question: If usurious dealings with banks are prohibited in Islam, what is the alternative in Islam?

Question: Banks have become enmeshed in people’s lives, dealings, and commerce, and the need to transact with them has become pressing; yet what is obviously known is that they are usurious banks. Is there a lawful way by which a...

Question: A man placed an amount of money in the bank. After a period he requested his money; the bank gave him his money and added extra. He took all of it and gave the extra in charity, since it...