What should I do about transferring a financial prize to my bank account in a usurious bank, knowing that there are no Islamic banks in my country?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is impermissible to deposit money in interest-based banks except out of necessity (to preserve money), when an Islamic bank is not available. This should be done in a current account (without interest). If interest accrues on this account, one must dispose of it by spending it on charitable causes. There is no objection to receiving a prize through this account.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/19009
- Source platform
- Ftawy
- Original fatwa ID
- 19009
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy