What is the ruling on bank interest in Islam, and is it forbidden or permissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The ruling on interest from usurious banks is prohibition, because it is usury. Allah, the Almighty, says: "O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers. And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/41024
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 41024
- 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