What is the ruling on opening a savings account with profits at Abu Dhabi Islamic Bank Egypt, given trust in its Sharia board, and is it obligatory to monitor all the bank's operations, or is it permissible to rely solely on trust in the board?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The basic principle regarding transactions of Muslims and Islamic financial institutions is validity and permissibility. Their dealings are শরعية (religiously lawful) unless proven otherwise. If doubt arises concerning a specific transaction, the matter must be referred to the bank's Board.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/158524
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 158524
- 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