What is the ruling on the interest accrued on money deposited in a British bank: Should it be left to the bank or be given away as charity?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to deposit money in a usurious bank out of necessity—such as fear of theft—if no Islamic banks are available. It is stipulated that the deposit should be in a current account as much as possible; if that is not feasible, then in a savings account. The interest accrued from this is not permissible to benefit from, and it must be used for general Muslim welfare with the intention of divesting oneself of it.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/30704
- Source platform
- Ftawy
- Original fatwa ID
- 30704
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy