Is it permissible to deal with a usurious bank that offers Sharia-compliant financial instruments (such as Murabaha, Musharaka, and Ijarah) for acquiring a home, in the event that an Islamic bank is not available in the country?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the newly introduced transactions of the bank are -compliant, then there is no objection to dealing with it. However, the client must not determine the permissibility or impermissibility of a transaction based on the bank's statement. Rather, they should consult scholars, as Allah Almighty says: "So ask the people of the message if you do not know." The decisive factor is the reality of things, not their names.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/84442
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 84442
- 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