Is it permissible to deposit money in usurious banks in countries where there are no Islamic banks, given the prevalence of looting, pillaging, and theft?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The fundamental principle is for a Muslim to avoid usurious institutions, except for one who is compelled to deposit money in them if they cannot find a safe place for their funds. If the necessity ceases, then it becomes obligatory for them to stop dealing with such institutions, based on the Almighty's saying: "And He has already explained to you what He has forbidden to you, except for that to which you are compelled."
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/50188
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- Ftawy
- Original fatwa ID
- 50188
- Imported
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