Is it permissible to open a current account in Bank Misr (Islamic Transactions Branch) to obtain a Visa card that enables online purchases, knowing that the account accrues variable interest described as Islamic Murabaha? Is this interest halal or not? And are the transactions of this branch free from usury?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no objection to dealing with the Egyptian Islamic Transactions Bank branch if its transactions are -compliant, such as the card being covered and the fees being fixed. It is better to verify this by checking with the bank, especially if it has a reliable Sharia board. As for variable rates, there is no objection to them if they result from a legitimate contract and investment in permissible fields; otherwise, they are prohibited usurious interests.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/102532
Where this answer came from
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- Ftawy
- Original fatwa ID
- 102532
- 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