Is the Bank of Egypt (Tal'at Harb) investment certificate with a 20% interest rate permissible or forbidden?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Investment certificates with a guaranteed fixed return are usury (riba) and it is not permissible to invest in them, because they cause the loss of blessing, and because Allah has cursed those who deal in usury and those who cooperate with them. The Prophet, peace and blessings be upon him, said: "Allah has cursed the one who consumes usury, the one who gives it, the one who writes it down, and the two who witness it." He added: "They are all alike [in sin]." Therefore, it is not permissible to participate in them.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/168357
Where this answer came from
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- Ftawy
- Original fatwa ID
- 168357
- 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