9159
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30 / 06 / 2026
Taking a Loan from the Islamic Bank to Complete the House
I want to take a loan from the Islamic bank to finish and complete my house, but since the finishing works are diverse and require more than one invoice from more than one merchant and need inspections from the bank multiple times, one of my friends suggested that I have him purchase other materials from his building materials store, so that the inspection is done only once. When he receives the check for the materials, he will give me the cash to buy the necessary materials for the finishing work. If you please, is this permissible, especially since the transaction is for materials and I will not be putting a single penny in my pocket?
Answer
I say, and with God's success: The situation will be that the bank bought this merchandise from the merchant and then sold the merchandise to you, and you became its owner, not the merchant. You have the right to dispose of it as you wish, whether selling it to the merchant or to anyone else without any obligation to anyone. If you sell it afterward to the merchant, it is valid and permissible. However, the issue is not that the merchandise belongs to the merchant while he hands you the check, but rather it is a trade with him or with someone else. However, there remains a suspicion that you told the bank you wanted to buy merchandise for construction and then you sold it. In the transaction, there is deception, and God knows best.
