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The question

Are the profits of the Islamic Transactions Branch of Banque Misr considered usury (riba) because it is affiliated with a conventional, non-Islamic bank, and what should be done with previous profits if it is confirmed that they were usury?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The ruling on dealing with a bank branch depends on the nature of its transactions. If they are in accordance with the Sharia, then the profit derived from them is permissible (halal). However, if they are interest-based (riba) or prohibited, then the profit is ill-gotten and must be disposed of by spending it on the general welfare of Muslims and the poor.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
38504
Imported
Translation status
Source text, unreviewed
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