What is the ruling on depositing money in an Islamic bank, what does the word "wadi'ah" mean, and why is it prohibited?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
A deposit with an Islamic bank is permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/53120
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 53120
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy