Would I be sinful if I deposited my money in an Islamic bank that is a subsidiary of a usurious bank, given the absence of any other safe alternative?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to deposit money in Islamic banks that are compliant with .
It is forbidden to deposit money in interest-based banks, whether with or without interest, because it constitutes aiding in usury. However, in cases of extreme necessity and fear for one's money, and when there is no safe place available, it is permissible to deposit money in a current account without interest, to the extent of the necessity. This is an exception to the general prohibition, as a means to an evil is evil, and aiding in what is forbidden is forbidden.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 19096
- Imported
- Translation status
- Source text, unreviewed
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