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The question

Are bank profits permissible if they cover the bank's expenses and tax costs?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to deposit money in usurious banks, especially those belonging to those who usurped Palestine, because it involves dealing with usury and supporting an entity that fights Muslims. However, if one is compelled to deposit money, it is not permissible to consume the interest or spend it on worldly benefits. Rather, one must take it and spend it on matters that benefit Muslims.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
45598
Imported
Translation status
Source text, unreviewed
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Read the full answer on Ftawy