What is the ruling on dealing with the previous fatwa that prohibited dealing with usurious Egyptian banks, taking into consideration the former Grand Imam of Al-Azhar's fatwa that permitted it? And where can an Egyptian expatriate place his savings given the impossibility of investing them in trade or in banks in the country where he resides? And are there Egyptian Islamic banks that can be dealt with?

Dealing with any bank that deals with usury is forbidden. The usurious banks today are based on the usury of delay (riba al-nasia), which is forbidden by the Qur’an, the Sunnah (definition), and scholarly consensus. Islamic Fiqh Academies have stipulated the impermissibility of dealing with them. Savings should be invested in permissible projects and businesses. Halal (definition) investment methods are abundantly available, such as Islamic banks and projects that adhere to Sharia (definition) regulations. One can seek advice from trustworthy and experienced individuals in the fields of trade and investment.