Is it permissible to subscribe to an employee savings plan that deducts 3% from the salary, to which the institution adds 6%, and the amount is deposited in banks with interest (riba), with the condition of not benefiting from the usurious interest? And is it permissible for the employee, upon withdrawal, to keep only the amount deducted from his salary (3%) without the interest?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to participate in a savings scheme that invests money in usurious banks, due to the involvement in prohibited usury, even if the intention is not to benefit from the interest. However, taking back the money you paid is permissible because it is your property.
Summarized from the full answer at Ftawy · imported
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- 157353
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