What is the ruling on opening a savings account in an Islamic bank, to which a small monthly profit is added as a percentage of the remaining balance, with the possibility of withdrawing the amount at any time?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The permissibility of returns from savings accounts in Islamic banks is conditional upon the investment process adhering to the -compliant regulations of .
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Ftawy
- Original fatwa ID
- 176479
- 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