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The question

Is it permissible to deposit funds in investment (unrestricted) deposit accounts or fixed-term accounts at the Syria International Islamic Bank and benefit from the profits distributed by the bank based on the aforementioned Mudarabah contract?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Naming a bank "Islamic" is not the criterion for judging it, but rather the extent of its adherence to regulations in its dealings. Depositing in the aforementioned banks and benefiting from their profits has not been forbidden by Islamic law. It is necessary to verify the bank's compliance with Sharia regulations.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
103850
Imported
Translation status
Source text, unreviewed
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