Is money considered lawful if its source is investment certificates on which is written, "Interest rate is calculated at 12%" and "The maturity value of this certificate is determined according to prevailing rates until the maturity date and is paid at the end of the term"?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Investment certificates of all types are forbidden because they involve usurious interest, whether fixed or unfixed. The principal capital must be withdrawn from the usurious bank, and the usurious interest must be disposed of by spending it on charitable causes. Repentance to Allah for this forbidden transaction is also obligatory, "But if you do not, then be aware of a war from Allah and His Messenger. And if you repent, you will have your principal — you will not be wronged, nor will you wrong [others]."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/53743
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 53743
- 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