What is the ruling of the Islamic religion on the Islamic bank, and is there an alternative to it?
Source: FtawySummary from Ftawy's records · added here Oct 24, 2026
The Islamic bank is an alternative to usurious banks. It is supervised by a committee that distinguishes prohibited transactions. Its errors—if any—are fewer than others, and a wise person chooses the lesser of two evils.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/31837
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- Ftawy
- Original fatwa ID
- 31837
- 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