What is the ruling on investing in foreign banks through non-Islamic funds?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Contributing to a usurious bank is not permissible, due to the cooperation in sin and aggression it entails. Allah Almighty has said: "And cooperate in righteousness and piety, but do not cooperate in sin and aggression." Furthermore, the one who consumes usury and the one who feeds it are equal in sin, as the Prophet, peace and blessings be upon him, said: "Allah has cursed the one who consumes usury, the one who feeds it, and its two witnesses," and he said: "They are equal."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/67482
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 67482
- 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