What is the ruling on dealing with banks that are called Islamic banks?
Machine translationRead the Arabic original
The questioner : What is the ruling on the Islamic bank in the Shari'ah?
The Shaykh : There is no such thing as an Islamic bank.
The questioner : So it is forbidden?
The Shaykh : Of course, because the transactions are the same and do not differ. In fact, some of those who deal with the so-called Islamic bank complain that it takes more riba (usury or interest) than the other banks.
The Shaykh : There is no such thing as an Islamic bank.
The questioner : So it is forbidden?
The Shaykh : Of course, because the transactions are the same and do not differ. In fact, some of those who deal with the so-called Islamic bank complain that it takes more riba (usury or interest) than the other banks.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.