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The question

How can one save and avoid spending money given the doubts surrounding the investments of Islamic banks and their similarity to usurious banks?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The crucial factor in naming Islamic banks is their commitment to Sharia compliance in their transactions, and that this commitment is overseen by a board of trustworthy scholars. One must be wary of rumors that attempt to undermine these banks. The questioner should examine the bank's regulations and system and inquire about it with people of knowledge.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
62598
Imported
Translation status
Source text, unreviewed
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