I am not OP and not muslim, but I hold a similar PoV: The bank is a business, not your friend. In the 2008 crisis, banks (and hotels and many other businesses)

I am not OP and not muslim, but I hold a similar PoV: The bank is a business, not your friend. In the 2008 crisis, banks (and hotels and many other businesses) had mailed the keys back to lenders when their non-recourse loans were underwater. As long as one does not fraudulently acquire the credit, and makes a good faith effort to repay it, there is no problem. It is NOT shameful for the bank to take interest, which takes into account both the lost-time-value-of-money (inflation and opportunity cost) and the probability of default. They are a business, and the interest takes defaulting loans into account. It is NOT shameful to use bankruptcy if you qualify. It wasn't added to the legal code to give people a "get out of jail free" card - It was added because, done right, it is more helpful to society at large (as well as individuals) to be able to reset debts that cannot be paid. So these things are as shameful, which is to say, not shameful.