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The question

Are the profits from money deposited in a non-Islamic bank lawful (halal) or unlawful (haram), and if they are unlawful, is the solution to transfer them to an Islamic bank, and what are the Sharia-compliant evidences for that?

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

Allah has forbidden usury and has warned those who consume it with war. Non-Islamic banks deal with forbidden usury, therefore, deposits must be transferred to an Islamic entity that does not deal with usury. As for the forbidden usurious interests, they must be disposed of by spending them on the poor, the needy, and public welfare.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
31300
Imported
Translation status
Source text, unreviewed
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