Is it permissible to open a current account in a usurious bank where no interest is calculated, and the bank neither adds to nor deducts from the money except for a fixed annual fee specified for administrative procedures, and this fee does not change with the amount of money deposited?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is forbidden to deal with usurious banks, even in permissible transactions like current accounts, if Islamic banks are available. A Muslim must replace forbidden usurious dealings with permissible Islamic dealings.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/181870
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- Ftawy
- Original fatwa ID
- 181870
- Imported
- Translation status
- Source text, unreviewed
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