Is it permissible for an Islamic bank to support its provision for doubtful debts from revenues that are non-Sharia-compliant, such as interest income, and then distribute it to shareholders?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank donates money for its own benefit, it is not permissible according to , because the channels for illicit money are the general public interests of Muslims, such as orphanages, hospitals, roads, and the like, as well as spending it on the poor and needy. As for spending it for the benefit of its possessor, it is not permissible unless he is poor and in need.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/74512
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 74512
- 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