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?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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 As for the money already in a usurious account, the principal must be withdrawn from it, and the accrued interest must be disposed of by spending it on the welfare of Muslims.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 Ftawyhttps://ftawy.com/en/questions/66061
- Source platform
- Ftawy
- Original fatwa ID
- 66061
- Imported
- Translation status
- Source text, unreviewed
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