What is the ruling of Islamic law on depositing money in banks?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank is usurious, it is not permissible to deposit money in it unless there is extreme necessity and fear for the money, coupled with the absence of a safe alternative. This is because doing so constitutes cooperation in sin. However, if the bank is not usurious and does not deal with usury, there is no harm in depositing money in it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/30381
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 30381
- 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