What is the ruling on bank deposits and savings accounts, and is it permissible to deposit them in Arab commercial banks that claim to deal in Islamic transactions?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If it is established for you that banks adhere to Islamic rulings in their transactions, and you trust that their employees are keen on implementing these rulings, then there is no harm in dealing with them, whether through deposits or savings accounts.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/30494
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 30494
- 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