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The question

Is it permissible to subscribe to a banking service that involves paying a monthly sum and receiving it with usurious returns after a specified period, with the intention of donating the excess over the principal?

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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 participate in conventional insurance that returns the subscriber's premiums with guaranteed interest, even if one intends to dispose of the usurious interest by giving it to the poor; because entering into prohibited contracts is unlawful.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
192289
Imported
Translation status
Source text, unreviewed
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