Is it permissible to deposit money in an Islamic bank that engages in prohibited transactions, knowing that other banks do the same?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
We cannot issue a ruling on a specific Islamic bank because the strength of supervision varies among them. To claim that Islamic banks are like usurious ones is false. Usurious banks are based on trading in debts, whereas Islamic banks' primary activity is investing funds through Sharia-compliant methods such as Murabaha and Istisna'a.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/65192
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 65192
- 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