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The question

Is it permissible to sponsor an orphan through a charitable organization if the amount is withdrawn monthly from an interest-based bank and incurs fees?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to deposit money in a usurious bank, because it constitutes aiding in what is forbidden. However, if a person is compelled to do so and fears the loss of their money, then there is no harm in that case, and the usurious profits must be given away as charity. As for the amount that the bank deducts in exchange for transferring the monthly sponsorship amount, it is a fee for the transfer, and there is no harm in it. It is advised to seek a Sharia-compliant alternative for financial transactions.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
46012
Imported
Translation status
Source text, unreviewed
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Read the full answer on Ftawy