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The question

Is it permissible for a woman living alone with her child in a foreign country, who is unable to work and possesses a sum of money, to deposit her money in a bank and live off its monthly interest?

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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 for a woman to deposit her money in interest-based (usurious) banks, except out of necessity, such as not finding a safe place to keep her money. This is based on the Almighty’s saying: {And He has already explained to you what He has forbidden to you, except that which you are compelled to [eat or use]}. However, if there is a bank that operates according to principles, then there is no objection to placing money in it for preservation and growth. If a woman is compelled to place her money in an interest-based bank, she must place it in a current account if possible, and she must not benefit from the usurious interest. Rather, she should dispose of it by spending it on public welfare.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
174449
Imported
Translation status
Source text, unreviewed
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