Back to search
The question

What is the ruling on bank interest resulting from depositing the monthly salary granted by the university into a bank that deals with usury, and what should be done with it if it is unlawful?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

We mentioned previously that it is not permissible to transfer one's salary to an interest-based bank except out of necessity. It is preferable for the account to be a current account to avoid usurious interest. Money should not be left in the bank more than what is needed, and if usurious interest is accrued, it must be disposed of by spending it on the interests of Muslims or giving it to the poor and needy. The priority is to meet the needs of the poor among Muslims with it. It is permissible to give this interest to a nearby mosque, and that is better than giving it to non-Muslim poor.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
108593
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