Praise be to Allaah.
If the bank gives the money
to the entrepreneur to buy his equipment on the basis that he will pay the
money back with something extra, then this is a riba-based loan which is
haraam, whether the money is paid in the form of cash, cheques, vouchers or
anything else. But if the bank buys part of the equipment for itself, then
it resells it for a higher price paid in instalments, there is nothing wrong
with that, and it may keep the ownership documents until the borrower has
paid off all the instalments. The fuqaha’ stated that it is permissible for
the item to be held in pledge for its price (until it is paid off). It stays
in a statement of the Islamic Fiqh Council: The seller has no right to
retain ownership of the sold item after it is sold, but it is permissible
for the seller to stipulate that the sold item be regarded as collateral in
order to guarantee his rights to have the instalments paid off in full.
See the answer to questions
Based on that, what you
have to do is look at the contract between the customer and the bank, to
find out the role of the bank, so that it will be possible to issue a
specific ruling on this issue.
And Allah knows best.