Is it permissible to deposit money in the Islamic transactions branch of a usurious bank, knowing that this branch does not specify a profit percentage and expects a loss with state guarantee?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to deal with the Islamic branches of interest-based banks if their dealings are free from prohibited transactions, while ensuring that their transactions comply with Islamic . One of the permissible forms of investment is "," where the capital comes from the client and the work from the bank. For it to be permissible, there are three conditions: that the bank invests the funds in permissible activities, that the capital is not guaranteed so that the client bears the loss, and that the profit is specified and agreed upon as a percentage of the total profit, not of the capital.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/17836
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 17836
- 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