Is it permissible to benefit from the funds of usurious banks, and what is the response to Al-Azhar's fatwa permitting bank interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The answer is summarized in a previous by the Grand Imam of Al-Azhar himself (No. 41/224, dated Rajab 14, 1409 AH, corresponding to February 20, 1989), which stipulated that depositing or lending money, or borrowing money with a pre-determined interest, is considered an interest-bearing loan. Every loan with a pre-determined interest is forbidden (), and these interests fall under the category of riba al-ziyada (usury of increase) which is forbidden by Islamic law.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/46412
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- Original fatwa ID
- 46412
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- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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- Read the full answer on Ftawy