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The question

What should a minor do who inherited a savings account in a usurious bank, and is it permissible for him to withdraw the money without the interest when he reaches adulthood?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is obligatory to stop depositing money in usurious banks and to request its deposit in an Islamic bank or to invest it in a permissible project. As for the money already in a usurious account, the principal must be withdrawn from it, and the accrued interest must be disposed of by spending it on the welfare of Muslims. A poor and needy person is permitted to take from it only enough to alleviate their poverty.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
66061
Imported
Translation status
Source text, unreviewed
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