Interest free loan from the bank

Answered according to Hanafi Fiqh by

Q: My question is that mostly banks are offering loan with interest (riba). If any bank offers riba free loan, than is it right according to Shari’ah?


A: The entire operation of conventional banks revolves around riba (interest). These banks go all out to promote the business of interest and usury around the world. Hence, under some pretext or the other in the effort to fulfil this goal they create various types of schemes and afford incentives to the public in order to draw people into the accursed web of interest and usury. Hence when this is their agenda to rope you into riba, we discourage you from taking loans from them.

And Allah Ta’ala (الله تعالى) knows best.


Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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