Is it permissible to deposit money in an Islamic bank and receive a monthly, non-fixed interest, and is one absolved of responsibility merely by dealing with an Islamic bank, even if they engage in forbidden transactions?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Islamic banks have a Supervisory Board responsible for ensuring that investment projects comply with Sharia rulings. The effectiveness and ability of this board to compel the bank to implement its decisions vary depending on the individuals who constitute it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/39065
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 39065
- 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