What is the ruling on dealing with Islamic banks given the differing scholarly opinions regarding their permissibility?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no harm in regulated banking transactions that adhere to principles. It is difficult to assert definitively that there are no major Islamic banks, as some banks prominently display the banner of Islam in their dealings. The fact that some of them do not adhere to Sharia principles does not negate the existence of Islamic banks.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/81543
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 81543
- 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