Is it permissible to open an account in an electronic bank that requires monthly fees for the credit card with an increase for late payment, without requesting the card, knowing that the account itself does not incur fees? And is it permissible to open another account in a different electronic bank that invests the deposited funds, on condition that the money is not left in it, but rather only the amount needed is transferred when required, given the absence of Islamic banks in my country?
There is no harm in the bank taking a monthly fee for the covered card and its services, but imposing a fine for late payment is a forbidden condition. However, if you do not find an Islamic bank, there is no harm in opening an account with the aforementioned bank and acquiring the card, provided that it is not used unless there is a balance covering what is spent from it. It is preferable to combine both banks to avoid Sharia prohibitions.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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