What is the ruling on placing money in Islamic banks?
Machine translationRead the Arabic original
Question:
The questioner asks: Is it lawful to place money in banks that claim to be Islamic banks and to take the profits?
Answer:
By Allah, I do not know their system. I do not know about them, and I am unable to speak about them because I do not know their regulations.
The questioner asks: Is it lawful to place money in banks that claim to be Islamic banks and to take the profits?
Answer:
By Allah, I do not know their system. I do not know about them, and I am unable to speak about them because I do not know their regulations.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم وضع الأموال في البنوك الإسلامية؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.