The ruling on purchasing land with a loan from an interest-bearing bank
Machine translationRead the Arabic original
Question:
The questioner from Hawtat Banu Tamim says: I purchased a piece of land with a sum of money, and this sum includes a loan from one of the banks, and I am still paying it off. It has now been one year since I purchased this land. Is there zakah on it? And how?
Answer:
I fear that the money from the banks contains riba (usury or interest). Do not deal with banks unless you have a balance in them from which you withdraw, in which case there is no harm. As for borrowing from banks, they do not lend except with an increase; this is riba. It is not permissible. Yes.
The questioner from Hawtat Banu Tamim says: I purchased a piece of land with a sum of money, and this sum includes a loan from one of the banks, and I am still paying it off. It has now been one year since I purchased this land. Is there zakah on it? And how?
Answer:
I fear that the money from the banks contains riba (usury or interest). Do not deal with banks unless you have a balance in them from which you withdraw, in which case there is no harm. As for borrowing from banks, they do not lend except with an increase; this is riba. It is not permissible. Yes.
Source
نور على الدرب - الفوزان - 03/033 — archive.org (9:54)
The Arabic text is a machine transcription of the audio recording.