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The question

Is it permissible to deal with the American bank "University Islamic Financial" (UIF), which is endorsed by several imams and Islamic organizations, to ensure its transactions are free from usury, given that details of its transactions are available on its official website?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

We cannot judge the aforementioned bank negatively or positively merely by looking at its website, but the fundamental principle is that Islamic banks operate according to . As long as the bank has been endorsed by Islamic organizations and imams, there is no harm in dealing with it; it is preferable to usurious banks. There is no excuse for dealing with usurious banks when an Islamic bank exists. If any Sharia-forbidden aspect is found in its transactions, it should be pointed out for rectification.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
151270
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.
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Read the full answer on Ftawy