What is the ruling on investment funds and their returns at Commercial International Bank, especially the fixed income fund?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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 Ftawyhttps://ftawy.com/en/questions/123666
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- Ftawy
- Original fatwa ID
- 123666
- Imported
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- Source text, unreviewed
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