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The question

What is the ruling on depositing a sum of money designated for marriage into a "Youm Bi Youm" account at Banque Misr, out of fear of losing it, given one's lack of knowledge about trade and its risks?

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

Consuming usury is one of the greatest sins and a destroyer of wealth. Sincere repentance from it is obligatory, as is withdrawing money from usurious bank accounts and disposing of its interest by giving it to the poor and needy. The principal should be deposited in a secure Islamic financial institution. The on these funds must also be paid, as zakat purifies and increases them. The Bank Misr Money Market Fund with periodic returns has stated that the fund invests its money in bonds, treasury bills, and bank deposits, all of which are usurious instruments.

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
141140
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