What are the pure Egyptian companies that do not deal with loans or deposit part of their money in banks, and how is the stock market dealt with, given that Islamic banks may participate in companies that take out loans?
It is not within our purview to investigate the circumstances of companies, and the questioner should direct this inquiry to specialists. Islamic banks were established to provide an Islamic alternative in banking operations. Their actual Islamic nature depends on the seriousness of those in charge of them in implementing the provisions of , their piety, and their knowledge. Therefore, Islamic banks differ among themselves. It is permissible to deal with a bank known for its discipline and adherence to Sharia rulings, and it is not permissible to deal with one known for transgressions, except for transactions where it is certain or highly probable that they are conducted in accordance with Sharia.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- 73950
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- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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- Read the full answer on Ftawy