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The question

Is a development loan taken from a commercial (non-Islamic) bank in exchange for mortgaging an apartment, whereby the bank pays bills and purchases necessary materials and machinery for the project, to be repaid with interest in installments, unlawful (haram)?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

If the loan necessitates repayment of the amount with an increase, then it is an usurious loan, unanimously forbidden, whether the increase is small or large, or whether it pertains to the quantity or the quality, because every loan that draws a benefit or an increase is usury (riba).

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
192531
Imported
Translation status
Source text, unreviewed
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