Profit distributed by Islamic banks

Fatawa Question

The interest given by banks on the deposited amount, is it Riba and unlawful in Islam ?

Fatwa

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Publication Date

2002-05-28

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies

Topics

Data Type

Fatawa

Language

English

Record ID

BIM-724701

American Psychological Association (APA)

Qahf, Mundhir. 2002-05-28. Profit distributed by Islamic banks. .
https://search.emarefa.net/detail/BIM-724701

Modern Language Association (MLA)

Qahf, Mundhir. Profit distributed by Islamic banks. 2002-05-28.
https://search.emarefa.net/detail/BIM-724701

American Medical Association (AMA)

Qahf, Mundhir. 2002-05-28. Profit distributed by Islamic banks.
https://search.emarefa.net/detail/BIM-724701