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Investing in Islamic Banks

Banking,Conventional Banking,Investing in Islamic Banks

Fatwa No :
80527
| Date :
0000-00-00

Fatwa No : 80527
Investing in Islamic Banks
جدید فقہی مسائل / بینکاری / مروجہ بینکاری

Investing in Islamic Banks

Respected Mufti Sahib,
Assalamu Alaikum!
My question is whether it is permissible (halal) to invest in the Islamic banks that are operating today, especially (Meezan Bank)? Please answer this question and give the correct solution to our problem.

الجوابُ حامِدا ًو مُصلیِّا ً

As per our information, Meezan Bank and Al-Barakah Bank are relatively more closer to Sharia than other conventional banks, so it is permissible to invest in these banks. Since these banks are private, there is a possibility of changes in their rules and regulations. Therefore, whenever a specific matter needs to be dealt with by these banks, the questioner should explain the matter in detail and find out the Sharia status of the matter so that guidance can be given.

And Allah knows best
محمدہاشم عالم عُفی عنه
دار الافتاء جامعه بنوریه عالمیه
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