What is the ruling on working in Islamic banks that deal with the usurious Central Bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Islamic banks' dealings with the the central bank do not involve usury (riba), and deposits there do not accrue interest. The relationship of these banks with the central bank is limited to -compliant aspects such as auditing and oversight. Dealing with it is obligatory, so the one dealing with it is considered to be in a state of necessity, as long as it neither gives nor takes usury, nor aids in it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/50618
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 50618
- 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