Is it permissible to invest in an Islamic bank?
Machine translationRead the Arabic original
Question:
I heard, the questioner says: I invested in an Islamic bank. Is it permissible for me to continue with that investment, may Allah benefit you? To continue with that investment.
Answer:
Yes, the fact that a group gathers, if it is an Islamic bank, that is good. That is, an Islamic bank that opposes riba (usury or interest) banks. If a group gathers and establishes an Islamic bank that is described as being in accordance with the Shari'ah, that is good. Yes.
I heard, the questioner says: I invested in an Islamic bank. Is it permissible for me to continue with that investment, may Allah benefit you? To continue with that investment.
Answer:
Yes, the fact that a group gathers, if it is an Islamic bank, that is good. That is, an Islamic bank that opposes riba (usury or interest) banks. If a group gathers and establishes an Islamic bank that is described as being in accordance with the Shari'ah, that is good. Yes.
Source
قناة «فضيلة الشيخ ابن باز Alsheikh Binbaz»، 467 هل يجوز المساهمة في المصرف الإسلامي؟ للإمام ابن باز — youtube.com
The Arabic text is a machine transcription of the audio recording.