FatwaPenangTransactions & Finance
PINJAMAN BANK SWASTA UNTUK MEMBESARKAN PERNIAGAAN DAN MEMBELI RUMAH
Is it permissible to take a private bank loan to expand a business or buy a house?
Short answer
Bank interest is clearly haram. An exception applies where the loan does not involve riba, such as a mudharabah arrangement that shares profits.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Date
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Negeri Pulau Pinang (e-Fatwa)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Bank interest is clearly haram. An exception applies where the loan does not involve riba, such as a mudharabah arrangement that shares profits. The exception also covers a bai' al-Islam sale, where the first party buys goods and sells them to the second party at an agreed price with deferred payment.
Written in our own words from the original fatwa — check the source before acting on it.
Hukum terhadap faedah bank ialah jelas haram, kecuali jika pinjaman itu tidak mengenakan riba seperti pinjaman yang berbentuk mudharabah
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “PINJAMAN BANK SWASTA UNTUK MEMBESARKAN PERNIAGAAN DAN MEMBELI RUMAH”, 21 December 1983. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1049. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/private-bank-loan-expand-business-buy-house/