Is depositing money into an investment account with an unspecified interest rate at Faisal Islamic Bank of Egypt permissible (halal) or forbidden (haram)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to deposit money in an investment account with a bank if the bank is known to operate according to the provisions of and has a Sharia board composed of trustworthy scholars who review its transactions.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/177477
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 177477
- 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