Are the funds acquired considered halal when opening a US bank account mandated by the government, knowing that the bank allows interest-bearing savings accounts, but the funds will be transferred directly and will not accrue any interest?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to open the aforementioned bank account if there is a need for it, and it is not a savings account, provided that the money is withdrawn from it after the need ceases. This does not affect the lawfulness of the money.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 180437
- Imported
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