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The question

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Islamic Bank considered haram, given that public banks are among its shareholders, and should the money be withdrawn from it, or does it remain permissible?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

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

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Source platform
Ftawy
Original fatwa ID
76021
Imported
Translation status
Source text, unreviewed
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