What is the ruling on the interest from investment certificates from a usurious bank—bearing in mind the absence of Islamic banks that offer investment certificates—given that my mother sold land left by my deceased father and was compelled to place the money in these certificates due to her lack of sufficient expertise to start a project, and her brothers’ evasion of investing the money for her?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
A mother's management of her orphaned children's money is a matter of scholarly disagreement. Most common investment certificates in banks are (forbidden). These funds must be withdrawn from interest-based banks. If investment is necessary, it should be done in an Islamic bank whose transactions are regulated by principles.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/180259
Where this answer came from
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- Ftawy
- Original fatwa ID
- 180259
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- . 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