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The question

Are investment deposits in banks considered usury or gambling?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Deposits in Islamic banks that adhere to Sharia controls and whose investments are permissible are lawful, and their profits are halal. As for usurious banks, or those that do not adhere to Sharia controls and invest in usurious transactions or prohibited activities, it is not permissible to deposit money in them for interest. Their interest is considered usury, and they may combine usury and gambling, such as investment certificates with prizes.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
137929
Imported
Translation status
Source text, unreviewed
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