Is the contract of dealing with Faisal Islamic Bank of Egypt Sharia-compliant, and to what extent is the depositor responsible for bearing the consequences, even though the contract is Islamic?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to deposit money in an Islamic bank for savings or investment if it adheres to the regulations. The accusation of usury against it is not acceptable without proof. If the bank violates the conditions and engages in impermissible transactions without the client's knowledge, the sin lies with those in charge of the bank. The resulting profits are not permissible for the depositor, and they must be spent on the general welfare of Muslims.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/99564
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 99564
- 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