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The question

Is it permissible to deposit a sum of money in a bank as a fixed deposit to benefit from its returns for studying and learning?

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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 impermissible to deposit money in interest-based banks for the purpose of investment, except in cases of extreme necessity that permit dealing with usury. The avenues of lawful earnings are many, as the enquirer may find an Islamic bank through which to invest the money and secure a permissible profit.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
129532
Imported
Translation status
Source text, unreviewed
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