Are the profits offered by the bank or savings fund haram?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Every benefit that accrues to a person, with the guarantee of their principal, is considered usury (riba), whether it comes from a bank, a savings fund, or elsewhere. This is because whoever deposits their money is considered a lender, and if that money returns to them with an interest, it becomes a "loan that brings benefit," which is forbidden.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/38065
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 38065
- 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