Could you provide me with a copy of the fatwa from Al-Azhar Al-Sharif concerning dealings with banks?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Fatwas have been issued by Al-Azhar prohibiting the deposit of money in interest-bearing banks in return for a predetermined interest, as this interest is considered usury, an unlawful increase according to . However, investment without a predetermined interest – subject to profit and loss – is permissible and lawful because it falls under the legitimate contract of (profit-sharing). The prohibited interest is not subject to and must be disposed of by giving it away as charity. Zakat is obligatory on the principal capital and lawful profit if they reach the
(threshold).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/52441
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 52441
- 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