Back to search
The question

Is it permissible to withdraw the principal from the usurious profits of a bank that deals with usury, and then leave the principal with the bank, knowing that the profits will be in the name of the shareholder?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

Participation in usurious banks is forbidden (), and whoever does so knowingly is sinful. If one does not know, then there is no sin upon him. In both cases, the partnership must be dissolved, and the capital retrieved. If this is not possible and usurious profits have been distributed, then these profits must be disposed of in charitable ways, while the capital remains in the bank until the shareholder is able to retrieve it.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
94135
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
Read the full ruling
Read the full answer on Ftawy