Transactions of conventional and Islamic banks in Egypt

السؤال

Al Salam Alaykum I’ve read about considering banks interest as Reba. And I’m asking you to give me clear vision on this issue that would help me to make the right decision InShaAllah. Banks in Egypt claims to give varying interest which is around 9.5 % : 10.5 % these days. I’m not sure if the bank invests all its money in loans with fixed interest or it invests money also in projects that profits the bank. I would like to know what specific transaction of the bank that is considered Reba. I’m an Egyptian studying in USA, I’ve no fixed income right now, and I’ve some money in a bank in Egypt that inherited from my family. The interest of this money represents my main source of income that helps me to cover my living expenses. If banks are based on Riba, then what is the alternative, please advice me if there is Islamic banks that I can invest my money in, I understand that solidifying the money in gold or other fixed assets would not be a right thing to do. Jazakom Allah kheir Alsalam alykom

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2002-04-30

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• المصارف
• الفقه الإسلامي
• الاستثمارات
• القروض
• مصر
• الودائع المصرفية
• الربا
• المعاملات
• المصارف الإسلامية

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-724616

• APA
• MLA
• AMA