What is the ruling on depositing money in a bank account with permissible profits to compensate for a loss resulting from the purchase of two cars, one of which was stolen and the other sold at a loss?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to deposit money in Islamic banks that adhere to Sharia regulations. As for depositing money in interest-based (ribawi) banks, it is not permissible except in cases where there is a fear of the money being stolen, and there is no other way to preserve it. Depositing money in interest-based banks, with the bank using it in interest-based transactions, is forbidden if other methods of preserving the money are available.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/170927
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- Ftawy
- Original fatwa ID
- 170927
- Imported
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- Source text, unreviewed
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