Is it permissible to open fixed deposits for the purpose of studying abroad, without receiving profits or interest, and bearing fees that are deducted from the principal amount upon closure? And is this considered dealing with usury?

If the purpose of depositing money into a current account is to prove the existence of a financial balance for studying abroad, then it is permissible to do so in a usurious bank if an Islamic bank is not available. This is because a current account does not yield interest, with the caution of withdrawing the deposit and closing the account once the need is fulfilled. Although this deposit assists the usurious bank, it is permitted out of necessity if no Islamic alternative exists, in accordance with the rule of committing the lesser of two prohibitions when there is fear of losing money. This is while emphasizing the prohibition of dealing with usurious banks when an Islamic alternative is available.