Is it permissible to deposit money in the Kuwait Turkish Bank in a profit-and-loss sharing account, given the hesitation and doubts surrounding its usurious dealings?
The basic principle regarding Islamic banks is that they operate in accordance with Sharia. To verify this, one can consult the Sharia supervisory board of the bank or inquire with the scholars (Ahl al-Ilm) in your country about the specific bank.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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