Are the profits from money deposited in the International Islamic Bank considered haram, given that public banks are among its shareholders, and should the money be withdrawn from it, or does it remain permissible?
It is not permissible to deposit money in a bank if the contribution of interest-based banks to its capital will lead to transactions outside of Sharia, because it is considered an aid to sin. However, if the contribution does not lead to Sharia violations, then depositing money in it is considered dealing with someone who possesses unlawful wealth. Many scholars disliked this transaction due to its dubiousness, and they cited the Hadith: "Whoever guards himself against doubtful things, he has indeed protected his religion and his honor." Therefore, if there is a bank that adheres to Sharia guidelines and whose capital does not include unlawful money, that is preferable. Otherwise, there is no harm in keeping money in the aforementioned bank if it conducts its transactions within the bounds of Sharia.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/76021
- Source platform
- Ftawy
- Original fatwa ID
- 76021
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy