The Ruling on Investing in Bank al-Bilad
Machine translationRead the Arabic original
Question:
May Allah reward you. Honorable Shaykh, there are many questions regarding the ruling on investing in Bank al-Balad?
Answer:
By Allah, I do not know Bank al-Balad, nor do I know Bank al-Bar; I do not know about them. All banks follow the same line regarding riba (usury or interest); there are no banks that deviate from the system of economic riba at all. We have not heard of this; rather, they are advertisements. They call some of them "Islamic" or "Islamic transactions." All of this is to take people's money. After a while, there is nothing truly Islamic that stands independently in Islamic economics and contradicts Western economics. Nothing of this has happened.
May Allah reward you. Honorable Shaykh, there are many questions regarding the ruling on investing in Bank al-Balad?
Answer:
By Allah, I do not know Bank al-Balad, nor do I know Bank al-Bar; I do not know about them. All banks follow the same line regarding riba (usury or interest); there are no banks that deviate from the system of economic riba at all. We have not heard of this; rather, they are advertisements. They call some of them "Islamic" or "Islamic transactions." All of this is to take people's money. After a while, there is nothing truly Islamic that stands independently in Islamic economics and contradicts Western economics. Nothing of this has happened.
Source
المساهمة في بنك البلاد — alfawzan.live
The Arabic text is a machine transcription of the audio recording.