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The question

Is it permissible to invest money in a company that imports and sells ATMs to commercial banks, given that there are only two Islamic banks in the country?

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

Commercial banks operate on usurious dealings, both lending and borrowing, which is a great evil about which Allah has warned those who engage in it with war. The Prophet, peace and blessings be upon him, cursed the one who consumes usury, the one who feeds it, its scribe, and its two witnesses. A dirham of usury is more severe in the sight of Allah than thirty-six acts of fornication. It is forbidden to establish usurious banks, work in them, or assist in their existence in any way, because that constitutes cooperation in sin and aggression. ATMs are a means of advertising and promoting the bank, and some usurious transactions may take place through them. Therefore, it is not permissible to sell them to a usurious bank or manufacture them for its sake. One must avoid this type of forbidden investment and seek permissible ways of earning.

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
17595
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