Is it permissible to deposit money in Islamic banks (Faysal - Al Baraka) and take the interest to help with living expenses in Egypt?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no objection to depositing money in banks that regulate their transactions according to the provisions of Islamic and benefiting from their profits. The consideration is the regulation of the transactions, not the name. The questioner should refer to the scholars in their country to inquire about these regulated banks.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/171720
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 171720
- 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