Is it permissible to place a financial deposit in a bank for the purpose of renting a safe-deposit box to store valuable possessions, knowing that the bank stipulates this to guarantee its rights, and there is a fear of falling into usury?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the deposit is guaranteed in exchange for profit, then it is a forbidden usurious transaction, and it is not permissible to engage in it. The need to preserve wealth does not justify entering into a forbidden contract, if it is possible to deal with an Islamic bank or deposit the money with a trustworthy person.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/195931
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 195931
- 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