Is it permissible to utilize investment certificates issued by a bank that classifies itself as an Islamic bank, and is the unspecified profit generated from them considered halal?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The fundamental principle concerning transactions in Islamic banks is their validity and soundness. If a person has any doubts about a specific transaction, they should refer to the Supervisory Board within the bank itself to inquire about the fulfillment of Sharia requirements in the contract or transaction.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/185904
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 185904
- 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