What is the ruling of Islamic law regarding a wife whose husband passed away and left her money which she deposited in Bank Misr for Islamic Transactions? What if this bank gives her fixed or non-fixed interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The financial transactions of the mentioned bank cannot be judged without knowing their true nature. For dealing with the Islamic branches of interest-based banks to be permissible, they must fulfill requirements. The money left by the husband is an inheritance that is divided among the heirs if its earnings were lawful. However, if it was interest-based, then it is unlawful money that should be spent on charitable causes and public welfare.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/67177
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- Ftawy
- Original fatwa ID
- 67177
- 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