Are the profits offered by the bank or savings fund haram?
Source: FtawySummarized from the full answer at Ftawy · imported 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.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/38065
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- Ftawy
- Original fatwa ID
- 38065
- Imported
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- Source text, unreviewed
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