Is the ruling on dealing with savings accounts with variable returns in Bank Misr Haram or Halal, and what about the fate of past profits if the dealing was Haram?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the branch of the bank where you deposit your money operates according to Islamic and is subject to Sharia supervision that ensures its transactions are free from usury, with accounts and profits independent from usurious funds and interest, then your money and profits are lawful. However, if it is not so, you must withdraw your money and search for an Islamic bank, and dispose of the usurious interest by spending it on charitable causes. We cannot identify specific Islamic banks in Egypt as we do not have this knowledge; you can ask trustworthy scholars there.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/39504
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 39504
- 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