Is it permissible to deposit money in an Islamic bank that operates on the Mudarabah (profit-sharing) system, whereby deposits are considered a participation in the bank's capital and are subject to profit or loss, and to benefit from the profits generated therefrom?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to invest money in Islamic banks through legitimate , provided that the bank adheres to controls in its dealings. Islamic banks are subject to Sharia supervision, which varies according to the capability and commitment of the supervisors.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/104037
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 104037
- 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