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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The basic principle regarding Islamic banks is that they operate in accordance with . 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/177534
Where this answer came from
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- Ftawy
- Original fatwa ID
- 177534
- 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