Is it permissible to deposit a monthly sum of money in the bank to benefit from its returns in spending on one's family, especially in light of poverty and need, in order to free oneself to prepare for marriage?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to deposit funds in Islamic banks for the purpose of investment and contracts. As for usurious banks, it is not permissible to deposit funds in them for the purpose of investment or safekeeping, because their investment is pure interest (riba), and placing money in them is considered aiding in sin and transgression, except in cases of extreme necessity for safeguarding money or transferring it when no Islamic alternative is available.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/147746
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- Ftawy
- Original fatwa ID
- 147746
- Imported
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- Source text, unreviewed
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