What is the ruling on taking currency as a gift merely for registering with a bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to accept a gift from the bank in exchange for transferring one's salary to it, because this falls under the rule: "Every loan that draws a benefit is usury (riba)." This is because it is considered a loan from the customer to the bank in exchange for a benefit (the gift).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/178283
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 178283
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy