Is buying bank certificates with a fixed annual interest permissible or forbidden (halal or haram)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Investing money in banks is permissible if it is based on sound (profit-sharing) and observes its legal rulings. However, investing money in usurious banks is forbidden and impermissible, while investing it in Islamic banks that operate according to guidelines 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/184087
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 184087
- 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