Is it permissible to deposit funds in investment (unrestricted) deposit accounts or fixed-term accounts at the Syria International Islamic Bank and benefit from the profits distributed by the bank based on the aforementioned Mudarabah contract?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Naming a bank "Islamic" is not the criterion for judging it, but rather the extent of its adherence to regulations in its dealings. Depositing in the aforementioned banks and benefiting from their profits has not been forbidden by Islamic law. It is necessary to verify the bank's compliance with Sharia regulations.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/103850
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 103850
- 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