Is the variable profit from the "Free Investment" account at Faysal Islamic Bank permissible or forbidden?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The ruling on whether bank profits are permissible () or forbidden () depends on the bank's adherence to the rulings of Islamic in its transactions. A ruling cannot be given regarding the specific bank mentioned due to lack of knowledge about its actual operations. Some general guidelines for dealing with banks have been mentioned in No. 34767 and its related fatwas.
Summarized from the full answer at Ftawy · imported
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