What is the ruling on dealing with Faisal Islamic Bank of Egypt, and what is the extent of the permissibility of investing money in it, especially given the presence of a Central Bank deposit whose profits are waived, the non-predetermination of the return rate, and the payment of Zakat on the return, alongside a current account from which 20 EGP are deducted annually, and is it permissible for the bank to deduct from the capital of depositors in case of loss, and are they sinful if no deduction is made or if they are unaware of the loss?

Dealings with banks and institutions are not judged by their names. Rather, their reality must conform to their "Islamic" name, and the members of the Sharia supervisory board must be trustworthy and binding on the bank's management. The reality of the transactions must be examined, especially Murabaha sales and banking Tawarruq, as many banks that claim to be Islamic have clear Sharia violations in these. The Islamic Fiqh Academy has warned of the necessity of using real, legitimate transactions instead of fictitious ones that lead to usurious financing. Some believe that Islamic banks approach usurious banks in some of their dealings, which causes them to lose their true identity. However, the existence of Sharia supervision, the disbursement of Zakat, participation in profit and loss, and not specifying a certain amount for deposits do not constitute a Sharia violation and are considered a good indicator. But this is not enough to judge all of the bank's dealings as legitimate. It is necessary to ascertain the reality of all its transactions. If the bank does not deal with usury, then it is permissible to deal with it until it becomes clear that its dealings do not adhere to Sharia regulations.