Is it permissible to deposit money in an Islamic bank and receive a monthly, non-fixed interest, and is one absolved of responsibility merely by dealing with an Islamic bank, even if they engage in forbidden transactions?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Islamic banks have a Supervisory Board responsible for ensuring that investment projects comply with Sharia rulings. The effectiveness and ability of this board to compel the bank to implement its decisions vary depending on the individuals who constitute it.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 39065
- Imported
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- Source text, unreviewed
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