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The question

What are the reasons for the prohibition of Riba (usury/interest) and to what extent do they apply to banks?

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

The reasons for the prohibition of Riba (usury/interest) were discussed in No. 35483. These reasons apply to usurious banks and do not apply to Islamic banks.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
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Ftawy
Original fatwa ID
50173
Imported
Translation status
Source text, unreviewed
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