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7309: Ruling on taking an interest-free loan from the bank with which his company does business

A company has dealings with one of the banks, and this bank agrees to make interest-free loans to employees of the company,asking for a part of the employee’s salary to be transferred to them in repayment. Is it permissible for the employee to take this loan from this bank?

Published Date: 1999-11-07

Praise be to Allaah.

We put this question to Shaykh Muhammad ibn Saalih al-‘Uthaymeen, may Allaah preserve him, who answered as follows:

There is no reason why the employee should not take this loan from this bank, so long as the loan is interest-free.

Muhammad ibn Saalih al-‘Uthaymeen
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