Should an offer to open an interest-bearing savings account at a bank be rejected?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
A savings account or any account with an interest-based profit is forbidden by Islamic law because it is usury (riba). This proposal is an invitation to commit what Allah the Almighty has forbidden, which is usury, about which Allah the Almighty says: "But if you do not, then be aware of a war from Allah and His Messenger." So you must turn away from this proposal.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/113191
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- Ftawy
- Original fatwa ID
- 113191
- Imported
- Translation status
- Source text, unreviewed
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