What is the ruling on a savings account in a bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
A savings account is permissible () if the bank or financial institution adheres to the rules of Islamic in its dealings, and the profits generated therefrom are also permissible. However, if the bank or financial institution does not comply with the rules of Islamic Sharia, then it is not permissible to open a savings account with it or to deal with it. Everything that results from dealing with it is forbidden (), including the profits from the savings account.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/34667
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 34667
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy