What is the religious ruling on bank investment certificates with a fixed interest rate of 12%, and are the bank interests obtained from depositing money therein permissible or forbidden?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Some investment certificates are usurious loans, which are the investment certificates with a guaranteed fixed return. This is based on the Prophet's (peace and blessings be upon him) saying: "Allah's Messenger cursed the one who consumes usury, the one who feeds it, its scribe, and its two witnesses," and he said: "They are all equal." And some are permissible, which are the investment certificates with an unguaranteed return, provided they observe controls in their investments. Investing money in Islamic banks that operate according to Sharia principles is permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/186261
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 186261
- 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