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The question

What is the ruling on depositing cash in Egyptian banks in an Islamic transaction account, with the intention of preserving and investing it and supporting the national economy, given that these banks employ these funds in national projects and distribute profits to depositors?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Preserving and investing wealth and supporting the national economy are good intentions, but one must seek out lawful means and avoid prohibited ones. The ruling on Islamic transaction branches of interest-based banks depends on their adherence to guidelines and their independence from the original branches. If these conditions are met, then it is permissible to invest money with them; otherwise, it is not.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
158260
Imported
Translation status
Source text, unreviewed
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