What is the religious ruling regarding the fatwas of the Egyptian Dar al-Ifta and the scholars of Egypt which permit investment in banks and consider it a new type of halal investment, while allowing loans in certain cases, knowing that one of the Islamic banks follows the usurious system in granting loans?

The scholars of Al-Azhar and the Grand Muftis of the Republic used to issue fatwas prohibiting interest and pre-determined bank investments. This continued until the era of His Eminence, the Grand Imam Gad al-Haq Ali Gad al-Haq. After him, those who assumed the Grand Imamate issued fatwas to the contrary, thereby contradicting the Sharia evidence and the fatwas of their predecessors, and even their own previous fatwas. The questioner is advised to read the book "Fatwas of Senior Scholars of Al-Azhar Al-Sharif and Fiqh Councils Regarding Bank Riba," which is available on the Waqf Library website.