What is the ruling on investing money in what is called "the Fourth Fund" at Al-Ahli Bank, which is based on buying bonds and then offering them for auction, so that the bond price changes daily? Is this transaction considered usury? And is dealing with the bank in any transaction that results in interest unlawful?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The investment certificates issued by the aforementioned bank are religiously forbidden because they are usurious. It is not permissible to deal with usurious banks, even in permissible transactions, if Islamic banks are available, because that is considered cooperation in sin and aggression.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 135592
- Imported
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