Is the OMR 500 given by a usurious bank as a prize considered usury, especially since there are no Islamic banks in the country and no competition was entered?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to deposit money in an interest-based (usurious) bank in the first place, whether with or without interest. The prize you received for depositing your money without interest (current account) is a gift from the bank and not usury. The ruling on accepting it falls under the issue of dealing with someone whose wealth is mostly from illicit sources.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/41904
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- Ftawy
- Original fatwa ID
- 41904
- Imported
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