Is it permissible to take a sum of money from the bank, not to be repaid, in exchange for a financial deposit (two-thirds of the deposited amount), on condition that the deposit is not withdrawn for three years?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
A deposit that remains in the bank for the bank to benefit from, while being guaranteed, is considered a loan. Resolution No. 86 of the Islamic Fiqh Academy states that demand deposits are loans from a jurisprudential perspective. Accordingly, this transaction is considered a loan that brings benefit to the lender (depositor), which falls under the category of usury (riba), as the principle states that every loan that brings benefit to the lender is usury, and this is a matter upon which scholars have reached a consensus.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/192226
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 192226
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy