What is the ruling on bank interest, and is it permissible as stated in some fatwas?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There are two types of bank interest:
The first: Interest from Islamic banks (profits), which is permissible (), because these banks operate according to the Islamic (profit-sharing) system.
The second: Interest from usurious banks, which is forbidden () and one of the gravest sins, because they deal in usury (riba).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/41421
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 41421
- 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