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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to deposit money in banks that adhere to 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/108399
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 108399
- 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.
- Read the full ruling
- Read the full answer on Ftawy