Is it permissible to invest money through Murabaha in the non-interest-bearing second account of Gulf Bank? Is the status of this bank normal compared to Islamic banks, despite having a Sharia board? Is it permissible to purchase a car in installments through a Murabaha loan from this bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to deal with usurious banks, even in permissible matters, except when there is no pure Islamic alternative. This is because dealing with them is considered an encouragement and strengthening of their falsehood, and a cooperation with them in sin and aggression. However, if the bank has an Islamic branch that regulates its transactions according to guidelines, then there is no objection to dealing with it in accordance with those guidelines.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/106242
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 106242
- 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