What is the ruling on opening a savings account in an Islamic bank, to which a small monthly profit is added as a percentage of the remaining balance, with the possibility of withdrawing the amount at any time?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The permissibility of returns from savings accounts in Islamic banks is conditional upon the investment process adhering to the Sharia-compliant regulations of Mudarabah.
Summarized from the full answer at Ftawy · imported
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