Is money deposited in a bank from car accident compensation permissible (halal) or forbidden (haram)? And what should be done with it if it is forbidden? And does the ruling apply to the money of the mother and father?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to take the aforementioned compensation and dispose of it. The ruling regarding its permissibility or impermissibility is the exclusive domain of the courts. It is permissible to deposit money in Islamic banks. As for usurious banks, it is permissible to deposit money in them if it is the only means of preserving it, provided that the money is placed in a current account that does not accrue usurious interest, and any interest earned is spent on general Muslim welfare.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/99972
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 99972
- 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