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The question

How can an employee who does not understand business invest his saved money to avoid the decline in its purchasing power, while staying away from usury and the suspicions surrounding banks, and without risking his small savings?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to deposit money in interest-based banks except in cases of extreme necessity, such as fear of theft. The loss of the money's purchasing power is not considered a justification for this. Money can be invested through legitimate (profit-sharing) with a trustworthy person, or by depositing it in Islamic banks. One should not rely on satellite channels for knowledge of rulings unless the is among the trustworthy people of knowledge.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
83601
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.
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Read the full answer on Ftawy