What is the ruling on bank interest and similar matters, and what is the ruling on someone who takes it following fatwas that permitted it, if it is in fact unlawful?
Usurious interest is forbidden, whether from a bank or any other source. The opinion that it is permissible is anomalous and invalid. Whoever took usurious interest based on an erroneous must dispose of it by spending it on charitable causes if it still exists. If he has already spent it, then there is nothing upon him, and the sin is on the one who issued the fatwa to him, based on the Prophet, peace and blessings be upon him, who said: "Whoever is given a fatwa without knowledge, his sin is upon the one who issued the fatwa." However, if the ruling becomes clear to the questioner and he turns away from it, then his sin is upon him.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/37808
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 37808
- 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