Back to search
The question

Is it permissible, from a Sharia perspective, to rent safe deposit boxes (vaults) in Riba-based banks to store money and gold for 20 Jordanian Dinars annually?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is permissible to rent safe deposit boxes to store possessions. However, if this is done through an interest-based (riba-based) bank, it is forbidden because it constitutes cooperation in sin and aggression, based on the Almighty's saying: "And do not cooperate in sin and aggression." This is unless there is a necessity to preserve wealth due to the absence of an alternative, in which case it becomes permissible, based on the Almighty's saying: "And He has detailed for you what He has forbidden you, except for that to which you are compelled."

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
62573
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