Are the profits taken from a bank that declares itself to be for Islamic transactions and has a Sharia supervisory board considered usury?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to deposit money in banks and benefit from the profit if the bank's dealings adhere to principles. This is allowed if the contract between the two parties is a (profit-sharing) contract, where money is provided for investment in exchange for a percentage of the profit, without guaranteeing the principal unless there is negligence or transgression. However, if any of these conditions are not met, then it is not permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/156696
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 156696
- 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