Are Islamic banks permissible or forbidden?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to deal with Islamic banks if they do not engage in usury (riba) or prohibited transactions, for what matters are the realities and meanings, not the names and labels. However, if they do engage in usury, then it is not permissible to deal with them.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/17720
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 17720
- 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