Are the profits of the Islamic Transactions Branch of Banque Misr considered usury (riba) because it is affiliated with a conventional, non-Islamic bank, and what should be done with previous profits if it is confirmed that they were usury?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The ruling on dealing with a bank branch depends on the nature of its transactions. If they are in accordance with the , then the profit derived from them is permissible (). However, if they are interest-based (riba) or prohibited, then the profit is ill-gotten and must be disposed of by spending it on the general welfare of Muslims and the poor.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 38504
- Imported
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