Are the funds derived from escalating-yield investment certificates lawful or unlawful, and what if they are disposed of?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Deals involving investment certificates issued by banks that do not adhere to principles are forbidden because they include riba (usury/interest) and (gambling). It is obligatory to withdraw funds from them and repent to Allah. You are entitled only to the principal amount you paid, as Allah Almighty says: "And if you repent, you may have your principal – [thus] you do no wrong, nor are you wronged." As for the interest, it is not permissible for you to possess it; rather, it should be taken and spent on charitable causes and for the general welfare of Muslims.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/34884
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 34884
- 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