What is the ruling on monthly income statements?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
You have not clarified the nature of the certificates that provide you with a monthly income. However, if what is meant is depositing money in exchange for a monthly interest that is added to the principal, as is the case in banks and usurious companies, then this is prohibited usury (riba). Juristic conferences have ruled that these investment certificates are a form of prohibited usury.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/66252
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- Ftawy
- Original fatwa ID
- 66252
- Imported
- Translation status
- Source text, unreviewed
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