What is the ruling on depositing money in savings accounts with Islamic dealings in commercial banks, and what is the ruling on the interest generated from them, knowing that they belong to a regular commercial bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to open a savings account in an Islamic branch of a usurious bank, provided that the Islamic branch operates independently from the usurious main institution in its transactions and adheres to -compliant dealings. Otherwise, engaging in transactions with it is forbidden.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/82515
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 82515
- 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