Is it permissible to continue depositing money in a usurious bank in order to withdraw the interest and dispose of it by giving it to the needy, or must the account be transferred to an account that does not deal with interest?
If a Muslim is compelled to deal with a usurious bank due to the unavailability of an Islamic bank that meets their needs, there is no sin upon them, provided they limit themselves to the extent of the necessity. This includes opening a current account that does not accrue usurious interest. However, they should not open a savings or investment account that accrues usurious interest, even if they intend to dispose of it, because what is permissible out of necessity is to be estimated by its true measure.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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