What is the ruling on bank deposits and savings accounts, and is it permissible to deposit them in Arab commercial banks that claim to deal in Islamic transactions?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If it is established for you that banks adhere to Islamic rulings in their transactions, and you trust that their employees are keen on implementing these rulings, then there is no harm in dealing with them, whether through deposits or savings accounts.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/30494
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- Source platform
- Ftawy
- Original fatwa ID
- 30494
- Imported
- Translation status
- Source text, unreviewed
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