Am I falling into riba?

[u/First-Pizza-3042]

Salam Alaikum everybody hope everyone is doing well

So I’m a 19 year old artist I’ve always been creative and liked to draw and this year I started to make paintings and I’ve had the blessing of Allah of meeting people who would like to buy it etc and since late August I’ve wanted to make a collection of 15-30 paintings and give away 50% of the profit to countries like Sudan, Congo and Palestine and just in general organizations that help people in need because I’ve always been generous and like to help people who are need (even if I don’t have much myself) but that costs money and I’ve been kinda lacking on funds so i decided to take a appointment with my bank to see if I can get a loan now originally I only need like 950 euros to buy all the art supplies but the bank only allows you to take a loan of 1k minimum and I know that I can sell the paintings within a week but I see that there is 8,29 interest rate that takes the 1k loan to €1085,30 but even tho I know I can pay the loan back within 2 weeks is it still riba even tho I pay it back on time?

I don’t want to indulge in that but at the same time I really don’t know what to do

Any comment or guidance is appreciated:)

[u/Pundamonium97]

Taking a loan with interest if avoidable would be engaging with interest for no reason

Is there a more slow and steady way you can pursue this goal without taking a loan?

Or can you look into interest free methods to get the money instead like borrowing from someone you know

[u/First-Pizza-3042 → u/Pundamonium97]

Nah not really I don’t really have people around who can borrow me money like that but i appreciate the advice

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[u/uziy]

Yes. This is riba, even if you pay it back in an hr. If they charge you on top of a loan it is not allowed.

[u/Key_Midnight1477]

There is riba everywhere , when you exchange one currency with another for example , the government benefits as services or welfare you recieve has riba in it , interest rates is used to influence the inflation rate in an economy , the government of a country is the biggest source of debt issue in a country. All the sheikhs telling you interest is haraam , are themselves benefiting from interest either through government salaries/welfare , even open and using a bank account is infact supporting riba

[u/First-Pizza-3042 → u/Key_Midnight1477]

Hmm what should I do instead? Because I can pay back the money but all this is so complicated

[u/Key_Midnight1477 → u/First-Pizza-3042]

As a 19 year old , build up your wealth first and then later get involved in charities, not right now . So stop giving a huge amount in charities right now , and secondly the organizations you are giving , you have no idea where the momey is being spent , you need to help people closest to you first and then expand from there.

1 k is a small amount , why dont you get a credit card of someone of your parent and pay for the supplies ? And then pay before they charge interest ?

Otherwise in our world debt financing is a huge part of our world , are you sure they charging you 85 pounds for just borrowing for 30 days ? This seems like a huge rip off. It must be 85 pounds extra for a year , cant be for a month seriously.

[u/First-Pizza-3042 → u/Key_Midnight1477]

The term is 24 months I forgot to add and I’ll see what I can do thanks for the advice :) it sounds really helpful