The Ruling on Dealing with Islamic Banks
Machine translationRead the Arabic original
Question:
The questioner asks: Is it permissible to deal with banks that claim to be Islamic and provide Islamic financing? Is it permissible to take out loans from them?
Answer:
It is not permissible to deal with banks. There are no banks that do not deal in riba (usury or interest), even if they are called Islamic.
The questioner asks: Is it permissible to deal with banks that claim to be Islamic and provide Islamic financing? Is it permissible to take out loans from them?
Answer:
It is not permissible to deal with banks. There are no banks that do not deal in riba (usury or interest), even if they are called Islamic.
Source
مجالس رمضانية - الجمعة/ 2/رمضان/1439 هـ — alfawzan.live (25:46)
The Arabic text is a machine transcription of the audio recording.