Is the Arab National Bank in Saudi Arabia an interest-based (usurious) bank, given that it mentions on its website its dealings with scholars to issue fatwas regarding its transactions?
The bank mentioned is one of the interest-based (usurious) banks, even though it offers some Islamic services. Sheikh Muhammad Al-Osaimi issued a fatwa that it is an interest-based bank.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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