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The question

What is the ruling on disposing of lawful money that was deposited in a Riba-based bank and became mixed with Riba, and is it permissible to deposit it in an Islamic bank?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The deposited money is lawful. If it comes with usurious interest, then this interest must be disposed of by spending it on the welfare of Muslims and the poor. The account must be closed, and no further deposits should be made as long as an Islamic bank is available. Whoever wishes to deposit money should deposit it in an Islamic bank account.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
100248
Imported
Translation status
Source text, unreviewed
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