Is depositing money in Al Baraka Islamic Bank investment certificates at a fixed rate considered usury?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not possible to rule on the investment certificates in the aforementioned bank without knowing its system and conditions. The decisive factor is the bank's adherence to guidelines, which are: that the bank invests the capital in permissible ways, that the profit ratio is shared between both parties and not guaranteed, that the capital is not guaranteed, and that the bank does not invest funds in prohibited transactions. If these guidelines are met, then investment is permissible, and this is known as .
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/130558
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 130558
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy