A man borrowed 100,000 riyals from a bank and repays the loan in installments with a 20% increase. What is the ruling on this loan?
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Question:
Honorable Shaykh, may Allah grant you success. He says: A man borrowed 100,000 riyals in cash from a bank and repays the loan in installments with a 20% increase, so he will pay 120,000. What is the ruling on this loan?
Answer:
He should not ask except after he has entered into this and they have concluded a contract with him, meaning he wants to get out of it. This is not permissible; he should pay it off and bear the sin, and not return to such a thing. Yes, unless they allow him. If they allow him, he has no choice. Yes.
Honorable Shaykh, may Allah grant you success. He says: A man borrowed 100,000 riyals in cash from a bank and repays the loan in installments with a 20% increase, so he will pay 120,000. What is the ruling on this loan?
Answer:
He should not ask except after he has entered into this and they have concluded a contract with him, meaning he wants to get out of it. This is not permissible; he should pay it off and bear the sin, and not return to such a thing. Yes, unless they allow him. If they allow him, he has no choice. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1154 -3022] رجلٌ اقترض من بنك 100 ألف ريالا، ويؤدي القرض على أقساط بزيادة 20% فما حكم هذا القرض؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.