Back to search
The question

What is the ruling on investment funds and their returns at Commercial International Bank, especially the fixed income fund?

Share this answer

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

If the bank is usurious, it is impermissible to deposit money in it for investment or otherwise, whether in a fixed assets fund or other funds, because the investment of a usurious bank is based on usury. All its investments involve lending with interest, and their true nature is a guarantee of capital and a known profit, and this is usury, not a legitimate (profit-sharing partnership).

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
123666
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy