Is it obligatory to transfer one's salary from AlAhli Bank to another bank like Bank AlBilad?
There is no harm in the salary continuing to be deposited in the National Bank (Al-Ahli Bank) because it is moving towards becoming an Islamic bank. Transferring it to Bank Albilad is better. It is permissible to work in Islamic banks like Al-Rajhi and Albilad, and in banks that are transforming into Islamic banks like AlJazira and Al-Ahli, provided one adheres to the decisions of the Board. It is not permissible to work in an interest-based (riba-based) bank. For someone who is compelled to open an account in an interest-based bank, there is no harm, but they should only deposit their salary therein and not accept arbitration by anything other than Sharia.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 17915
- 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