Are the funds acquired monthly from the bank, whose value varies based on market fluctuations, permissible (halal)?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the bank in which you invest your money is Islamic, adheres to -compliant transactions, and does not guarantee the principal while the profit is determined as a percentage, then there is no harm in that. However, if the bank is interest-based (riba-based), then it is absolutely impermissible to invest in it.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/49761
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- Original fatwa ID
- 49761
- Imported
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