Transactions in Islamic Banks
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. This questioner says: Is it true that in this age there are banks called Islamic banks and non-Islamic banks, and that whatever is Islamic, all of its transactions are permissible?
Answer:
Allah knows best, they say so, but we have not seen them. We have not seen Islamic banks. It appears that they are just banks that have been named Islamic, and a name does not change the reality. Yes.
Honorable Shaykh, may Allah grant you success. This questioner says: Is it true that in this age there are banks called Islamic banks and non-Islamic banks, and that whatever is Islamic, all of its transactions are permissible?
Answer:
Allah knows best, they say so, but we have not seen them. We have not seen Islamic banks. It appears that they are just banks that have been named Islamic, and a name does not change the reality. Yes.
Source
شرح إغاثة اللهفان من مصائد الشيطان لابن القيم، بداية من : الوجه الثامن : أن النبي - صلى الله عليه وسلم - قال : إنما الأعمال بالنيات وإنما لكل امرىء ما نوى — islamhouse.com (54:30)
The Arabic text is a machine transcription of the audio recording.