Borrowing from Banks and the Meaning of a Loan
Machine translationRead the Arabic original
Question:
Shaykh, he says: If I go to one of the banks and they give me a sum of money, is this considered a loan? And what is the meaning of a loan? May Allah reward you.
Answer:
Banks do not lend except with interest. It is a riba (usury or interest) loan. If you want to borrow, borrow from other than the banks. Borrow from one of your relatives or one of your friends the amount you need. Yes.
Shaykh, he says: If I go to one of the banks and they give me a sum of money, is this considered a loan? And what is the meaning of a loan? May Allah reward you.
Answer:
Banks do not lend except with interest. It is a riba (usury or interest) loan. If you want to borrow, borrow from other than the banks. Borrow from one of your relatives or one of your friends the amount you need. Yes.
Source
قناة «مكة و المدينة»، 14 / فتاوى على الهواء - 25 05 1438هـ _ الشيخ صالح الفوزان — youtube.com (20:29)
The Arabic text is a machine transcription of the audio recording.