An institution offers a loan with a low rate, and this rate, in their claim, is in exchange for services they provide. Is this permissible?
Machine translationRead the Arabic original
The Shaykh : The issue is that this is in exchange for services, because I have been asked about this repeatedly and over and over, and my answer, as will be detailed later, is that if they are truthful that these are actually services and not on the method of banks where it is riba, then it is not riba. Among the details they mention on the phone, they say that if one is in a dire necessity, and in this case, when opening the door to lending, one is in a dire necessity to employ staff for the accounts, and these employees need a salary. I say that if they are truthful in this, it is not riba. But I have a great doubt that they are truthful in this, meaning that the agency has employees like the state. We see them sitting with their legs crossed, two or three, for example, in the premium post, which they call it, you pass by and find four or five sitting there, and what do they call it? Idle, there is no work at all. So I do not imagine that the agency needs to pile up new employees for this registration or for achieving this service. If the intention is not that it is permissible, we say so, and it is not permissible for us to say it is forbidden riba, nor is it permissible for us to say it is lawful. We say, meaning, we judge it by their actual reality, because we do not have the ability now to conduct an inspection, investigation, and audit. If the matter is such, it is forbidden; if the matter is such, it is lawful.
The questioner : Yes, but also, because the transaction, the paperwork, and the employee service are the same for a loan of one thousand and for a loan of fifty thousand.
The Shaykh : This is correct.
The questioner : ... .
The Shaykh : This, we say, is with respect to the banks.
The questioner : And this is also the same thing.
The Shaykh : Do you understand? Do you understand? I am refuting you, I am telling you, it is also correct.
The questioner : Yes, this is from one side. Second, the issue of the employee is the same employee who performs the calculations.
The Shaykh : My brother, may Allah guide you, these are opposites.
The questioner : Yes, this... well, why do you say first and second?
The questioner : We can say it is riba in one word, because we know the reality. I used to live in the agency and I know these violations, and we used to declare their prohibition, meaning from the days of... and our brother 'Abd al-Wahhab Mustafa.
The Shaykh : Who?
The questioner : He used to do... and I used to refute them on this.
The Shaykh : Who is he?
The questioner : 'Abd al-Wahhab Mustafa is our neighbor.
The Shaykh : Ah, yes.
The questioner : And we used to refute them.
The Shaykh : Do you have any news about him?
The questioner : ...drop.
The Shaykh : Qatar, a long time ago.
The questioner : Yes, he left in '80 or '82 from Syria. He is now in Qatar, then he announced that... then he became an imam of a mosque, then also he finished, now he works...
The Shaykh : Is he still in Qatar, meaning?
The questioner : Yes, he is still in Qatar. Therefore, I, considering that I know the matter...
The Shaykh : But here, notice that it is two percent.
The questioner: Yes.
The Shaykh : This rate does not resemble any rate in the banks. Meaning, the banks, according to what I hear, and even if I am not an expert, the least is five percent.
The questioner : Yes, and even if it is two percent, because on... it is not worth it.
The Shaykh: Yes.
The questioner : Hello...
The Shaykh: Yes.
The questioner : Hello...
The Shaykh : Yes. They are asking for something strange, meaning.
The questioner : Hello Amman, say hello.
The questioner : Yes, but also, because the transaction, the paperwork, and the employee service are the same for a loan of one thousand and for a loan of fifty thousand.
The Shaykh : This is correct.
The questioner : ... .
The Shaykh : This, we say, is with respect to the banks.
The questioner : And this is also the same thing.
The Shaykh : Do you understand? Do you understand? I am refuting you, I am telling you, it is also correct.
The questioner : Yes, this is from one side. Second, the issue of the employee is the same employee who performs the calculations.
The Shaykh : My brother, may Allah guide you, these are opposites.
The questioner : Yes, this... well, why do you say first and second?
The questioner : We can say it is riba in one word, because we know the reality. I used to live in the agency and I know these violations, and we used to declare their prohibition, meaning from the days of... and our brother 'Abd al-Wahhab Mustafa.
The Shaykh : Who?
The questioner : He used to do... and I used to refute them on this.
The Shaykh : Who is he?
The questioner : 'Abd al-Wahhab Mustafa is our neighbor.
The Shaykh : Ah, yes.
The questioner : And we used to refute them.
The Shaykh : Do you have any news about him?
The questioner : ...drop.
The Shaykh : Qatar, a long time ago.
The questioner : Yes, he left in '80 or '82 from Syria. He is now in Qatar, then he announced that... then he became an imam of a mosque, then also he finished, now he works...
The Shaykh : Is he still in Qatar, meaning?
The questioner : Yes, he is still in Qatar. Therefore, I, considering that I know the matter...
The Shaykh : But here, notice that it is two percent.
The questioner: Yes.
The Shaykh : This rate does not resemble any rate in the banks. Meaning, the banks, according to what I hear, and even if I am not an expert, the least is five percent.
The questioner : Yes, and even if it is two percent, because on... it is not worth it.
The Shaykh: Yes.
The questioner : Hello...
The Shaykh: Yes.
The questioner : Hello...
The Shaykh : Yes. They are asking for something strange, meaning.
The questioner : Hello Amman, say hello.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.