Bank loan without riba
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Fatwa number ( 7852 )
Q: I hope you will inform me about the ruling on borrowing from one of
the banks that deal in interest, which is riba, but this loan is completely without interest. Is it permissible to borrow from these banks even if it is a loan without interest?
A: If the situation is as you described, that they lent to you without interest, then it is permissible, even if they lend to others with interest and deal in riba with others; because their contract with you in this loan is independent of anything else.
Q: I hope you will inform me about the ruling on borrowing from one of
the banks that deal in interest, which is riba, but this loan is completely without interest. Is it permissible to borrow from these banks even if it is a loan without interest?
A: If the situation is as you described, that they lent to you without interest, then it is permissible, even if they lend to others with interest and deal in riba with others; because their contract with you in this loan is independent of anything else.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.
