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The question

What is the optimal way to invest end-of-service benefits to achieve a halal profit, given the lack of trust in the Islamic credibility of Egyptian banks and the lack of experience in commercial partnerships?

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

It is permissible to invest in Islamic banks according to the Shariah-compliant (profit-sharing) principle. One must investigate which of these banks are most committed to Shariah regulations by asking knowledgeable and experienced scholars. Mere doubt does not prohibit dealing with them, and an error in one transaction does not imply error in all transactions. There is a need to deal with them to encourage the Islamization of financial dealings and to provide alternatives to usurious practices. They mitigate and contend with evil, which is considered in Islamic law.

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
123219
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