What is the ruling on depositing money in banks with the intention of investing it?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Investing in usurious banks is forbidden, whereas investing in Islamic banks is permissible, provided one seeks out what is lawful. It is preferable to grow wealth through permissible trade, if possible, along with studying the rulings on 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/30281
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 30281
- 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