What is the ruling on dealing with the Jordan Islamic Bank and the Orphans Fund Development Foundation? Is it the same as dealing with usurious banks, given the difference in scholarly opinions on this matter?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
We do not have knowledge of the true nature of the dealings of the aforementioned institution and bank, hence we cannot pass judgment on them. However, in general, it is permissible to deal with any institution or bank that operates according to Islamic Sharia, does not commit Sharia prohibitions, and is independent from usurious banks. Otherwise, dealing with them is forbidden. This can be verified by reviewing their articles of association, balance sheet, and consulting their Sharia supervisory board. We apologize for not discussing those in charge of that institution or bank.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/71825
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- 71825
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