What is the ruling on placing money in an investment (savings) account in an Islamic bank that relies on accounts sharing in investment results at a rate of 55% of the average daily balance, with the possibility of deposit and withdrawal at any time? And is it permissible to benefit from the bank’s services in personal financing through a Murabaha system for purchasing a car, with the guarantee of mortgaging and insuring it in favor of the bank, where the bank finances 70% of the car's value for a maximum period of 5 years, and a monthly installment not exceeding 40% of the financing applicant's income?
There is no impediment to depositing money with the aforementioned Islamic bank through the mechanism described. One may refer to fatwas related to investment deposits in Islamic banks, the permissibility of dealing with Islamic banks, and the ruling on Murabaha and Tawarruq and their controlling principles in Sharia.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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