Back to search
The question

Is it permissible to invest money through Murabaha in the non-interest-bearing second account of Gulf Bank? Is the status of this bank normal compared to Islamic banks, despite having a Sharia board? Is it permissible to purchase a car in installments through a Murabaha loan from this bank?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to deal with usurious banks, even in permissible matters, except when there is no pure Islamic alternative. This is because dealing with them is considered an encouragement and strengthening of their falsehood, and a cooperation with them in sin and aggression. However, if the bank has an Islamic branch that regulates its transactions according to guidelines, then there is no objection to dealing with it in accordance with those guidelines.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
106242
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy