What is the ruling on depositing money in an Islamic bank and taking interest from it? Is this permissible as an exception for special cases, such as a disabled daughter or a widow over seventy years old, who do not have a fixed income other than the returns from this money?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to deal with Islamic banks whose transactions are -compliant, and for the investor to engage in (profit-sharing) with them, and their profits are lawful. As for banks that are not sharia-compliant, it is not permissible to deposit money with them and take usurious interest, except in cases of extreme necessity.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/168762
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 168762
- 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