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The question

Are the profits offered by the bank or savings fund haram?

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

Every benefit that accrues to a person, with the guarantee of their principal, is considered usury (riba), whether it comes from a bank, a savings fund, or elsewhere. This is because whoever deposits their money is considered a lender, and if that money returns to them with an interest, it becomes a "loan that brings benefit," which is forbidden.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
38065
Imported
Translation status
Source text, unreviewed
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