Is it permissible to establish a bank for safekeeping funds and providing liquidity, where the client pays a percentage for the safekeeping service, and the bank uses these funds for its own investments?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no objection to the idea of establishing a bank whose function is to preserve money and provide liquidity, provided there is a supervisory board. If the bank does not use the deposited funds but rather places them in sealed boxes, then there is no objection to taking a fee for this preservation. However, if the bank uses the money in its own investments and guarantees its return upon request, then this is a loan. In this case, it is not permissible for the bank to take a percentage or a lump sum amount for it, unless these fees are in exchange for actual services provided by the bank to the depositor.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/151253
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 151253
- 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