Is it permissible to open a savings account at Al Baraka Bank Tunisia, whose employees claim its transactions are Islamic and supervised by a group of scholars, while others question its legitimacy?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The consideration is not whether the bank is named "Islamic," but rather its adherence to regulations in its dealings, because the judgment on a bank depends on the absence of Sharia violations. We have no specific knowledge of this particular bank, and the questioner should inquire about it from trustworthy scholars in their country.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/98781
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 98781
- 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