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The question

Is it permissible for a Muslim residing in the West to deal with banks, open businesses, and purchase real estate, based on the premise that these transactions are considered void contracts because they are with non-Muslims?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The ruling on usury in non-Muslim lands is the same as its ruling in Muslim lands. This is the view of the majority of scholars, and their evidence for this is the numerous Quranic texts and prophetic traditions that prohibit usury without differentiating between the land of war and the land of Islam, or between a Muslim's dealings with another Muslim or a non-believer.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
52239
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.
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Read the full answer on Ftawy