Is placing a sum of money as a deposit with interest in a real estate bank for one year, while I am a student, considered unlawful (haram)?

Placing money as a deposit in a usurious bank for interest is considered forbidden usury (riba) in Islamic law. This is because the depositor lends money to the bank to receive it back with interest, which the Holy Quran has forbidden and warned those who engage in it of war from Allah Almighty. The Messenger of Allah, peace and blessings be upon him, cursed the one who consumes usury and the one who provides it. One must repent from this sin, withdraw the deposit, and dispose of the interest by spending it on charitable causes. The money can be placed in an Islamic bank or given to a trustworthy person to invest it in a Sharia-compliant manner.