What has been done regarding the opening of the Islamic bank, and what is new in that regard?

Question:
A questioner asks: What has been done regarding the opening of the Islamic bank in this country, and what is new in that regard?

Answer:
We hope it will open soon, for we know it is on the verge of opening. Everyone’s hands are involved, and a group is with them. We ask Allah to grant them success and ease their affairs. Likewise, we ask Allah to ease the establishment of another bank under the management of others. It is recommended to compete in this matter, because riba (usury or interest) banks seek to hinder them and prevent them from emerging. The people of wealth, goodness, and love for what is lawful should strive to establish Islamic banks and exert themselves in that until they are established. The Custodian of the Two Holy Mosques has approved their opening on multiple occasions, but there are those who hinder these matters. Those who desire this matter should have strength, activity, and follow-up so that they can overcome the actions of the discouragers and opponents. We ask Allah for safety and well-being, and we ask Allah to grant the people of goodness activity and strength. Yes.