What is the reality of depositing money in banks? And if we adopt the view of the Egyptian Dar Al-Ifta on the permissibility of dealing with them, do we bear any sin if it is originally unlawful?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to deal with Islamic banks that adhere to and to engage in (profit-sharing partnership) with them, and the funds derived therefrom are lawful (). As for interest-based (riba-based) banks, their transactions are prohibited, and the money earned from them is unlawful (), because the percentage given is from the capital, not from the profit. The layman must ask reliable scholars and act according to what reassures his heart. If the enquirer is not reassured by the 's opinion, he is not obliged to act upon it, based on the saying of the Prophet, peace be upon him: "Consult your heart, even if people give you fatwas."
Summarized from the full answer at Ftawy · imported
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- 166769
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