Are bank profits permissible if they cover the bank's expenses and tax costs?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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
Read the full answer on Ftawyhttps://ftawy.com/en/questions/45598
- Source platform
- Ftawy
- Original fatwa ID
- 45598
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy