What is the ruling on the interest from certificates of deposit in non-Islamic banks, and what is the opinion regarding the stance taken by the members of the Islamic Research Academy on this matter?
Previous reference was made to earlier fatwas concerning the ruling on interest earned from investment certificates or savings in usurious banks, and that the objective is to clarify the rulings in light of the Qur’an, , and the sayings of scholars. Every person's words can be taken or left, except for the Messenger of Allah, peace and blessings be upon him. The Sunnah of the Messenger, peace and blessings be upon him, must be given precedence over the opinions of men, unless it violates a firm consensus. The errors of scholars are forgiven amidst their vast virtues and should not be a cause for belittling them. An ordinary person should follow the imams of guidance without fanaticism.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/45580
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 45580
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy