What is the ruling on depositing money in a bank and receiving a monthly interest, whether in Islamic banks or conventional banks?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is better to invest your money yourself if possible; otherwise, deposit it in Islamic banks. It is not permissible to deposit money in commercial banks, whether with interest or without, because they do not adhere to rulings. Depositing with interest makes its owner a usurer, and depositing without interest is considered assisting them in sin.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/31139
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 31139
- 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