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The question

What is the ruling of Islamic law on holding bank ledgers in a real estate company that invests some of its money as fixed-term and fixed-rate deposits, knowing that its only responsibility is to notify when the current account balance exceeds the limit?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The company's depositing of its funds in banks with a fixed interest rate is precisely usury (riba). Your work in monitoring this balance and its increase is an aid to sin, due to the Almighty's saying: "And do not cooperate in sin and aggression," and due to the Prophet's (peace be upon him) saying: "The Messenger of Allah (peace be upon him) cursed the one who consumes usury, the one who feeds it, its scribe, and its two witnesses. He said: 'They are all equal.'" Your work is based on monitoring a usurious account, and anything that leads to the unlawful is considered likewise. Therefore, you must leave this work, for "whoever fears Allah - He will make for him a way out and will provide for him from where he does not expect."

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
40580
Imported
Translation status
Source text, unreviewed
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