Is it obligatory for a student to transfer his money from a usurious bank to an Islamic bank, given the difficulty in dealing with the Islamic bank and its weak services?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to deposit money in interest-based banks as long as Islamic banks are available in your country.
Although there may be some forbidden dealings in Islamic banks, they are not comparable to interest-based banks which are founded on explicit usury. Islamic banks strive to provide permissible alternatives.
Money must be withdrawn from an interest-based bank and deposited in an Islamic bank. The inadequacy of services in an Islamic bank is not considered a justification for dealing with interest-based banks.
Summarized from the full answer at Ftawy · imported
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- Source platform
- Ftawy
- Original fatwa ID
- 159377
- Imported
- Translation status
- Source text, unreviewed
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