What is the ruling on depositing money as investment deposits in Faysal Islamic Bank, given that there is a Sharia Fatwa Committee affiliated with the bank, headed by Dr. Nasr Farid Wasel, which has the right to reject any operation that raises suspicions of being forbidden, and the bank is obligated to implement its orders?
It is permissible to deposit money in banks that adhere to Sharia principles and have a reliable Sharia supervisory board for investing and growing the money. If violations occur without the depositor's knowledge, the sin is on those in charge of the bank.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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