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?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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
Read the full answer on Ftawyhttps://ftawy.com/en/questions/129532
- Source platform
- Ftawy
- Original fatwa ID
- 129532
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy