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The question

Are the profits resulting from a sum of money deposited by the paternal uncle into his nephew's account—to avoid deductions from his own account due to problems with his wife—the right of the uncle or his nephew, knowing that the deposit was made in an Islamic bank and the Dar Al-Ifta (Fatwa Council) has issued a fatwa permitting the taking of profits from it?

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

As long as the account is a savings account, the bank speculates with the money and shares the profit with the depositor. What the questioner mentioned means that his uncle deposited the amount in the questioner's account for himself, so the profit and the guarantee revert to the uncle. Therefore, it is not permissible for the questioner to take anything from the profit except with his uncle's permission, and the way for him to be entitled to the profit is to take the amount as a loan from his uncle.

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
194657
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