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The question

Is it permissible to work in an Islamic bank in the UAE, given that () is the head of the board of directors, and what is the advice in light of the Qur'an and Sunnah?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The basic principle in dealing with Islamic banks is that it is permissible if they conduct their operations in accordance with Islamic and avoid usury (riba) and prohibited transactions. However, if they are Islamic in name only and engage in usury and prohibited transactions, then dealing with them is unlawful. It is necessary to verify the true nature of a bank's dealings before judging it. The mere presence of a scholar on its board is not sufficient, as the information might be incorrect, or the scholar might have left due to a change in the bank's policy.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
16711
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.
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Read the full answer on Ftawy