Is depositing money into an investment account with an unspecified interest rate at Faisal Islamic Bank of Egypt permissible (halal) or forbidden (haram)?
It is permissible to deposit money in an investment account with a bank if the bank is known to operate according to the provisions of Sharia and has a Sharia board composed of trustworthy scholars who review its transactions.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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