Are Islamic banks and their profit Halal ?

Fatawa Question

Salam Sheikh, Please let me know if Islamic banking Halal ? there are banks which operate under the Islamic Shari’ah. Also, there are Islamic sections in banks like Amanah of HSBC also operate under Islamic banking laws. Please tell me if I can deposit money into those accounts and take the profit. Jazakallah

Fatwa

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Publication Date

2012-06-24

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-730811

American Psychological Association (APA)

Qahf, Mundhir. 2012-06-24. Are Islamic banks and their profit Halal ?. .
https://search.emarefa.net/detail/BIM-730811

Modern Language Association (MLA)

Qahf, Mundhir. Are Islamic banks and their profit Halal ?. 2012-06-24.
https://search.emarefa.net/detail/BIM-730811

American Medical Association (AMA)

Qahf, Mundhir. 2012-06-24. Are Islamic banks and their profit Halal ?.
https://search.emarefa.net/detail/BIM-730811