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?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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
Read the full answer on Ftawyhttps://ftawy.com/en/questions/192289
- Source platform
- Ftawy
- Original fatwa ID
- 192289
- Imported
- Translation status
- Source text, unreviewed
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