What is the ruling on bank interest, and is it permissible as stated in some fatwas?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There are two types of bank interest:
The first: Interest from Islamic banks (profits), which is permissible (), because these banks operate according to the Islamic (profit-sharing) system.
The second: Interest from usurious banks, which is forbidden () and one of the gravest sins, because they deal in usury (riba).
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/41421
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- Ftawy
- Original fatwa ID
- 41421
- Imported
- Translation status
- Source text, unreviewed
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