Is it permissible to deposit money in a current account of an interest-based bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to deposit money in interest-based banks, unless a person is compelled to do so in countries where no Islamic banks exist and he fears the loss of his money. In such a case, it is permissible to deposit money in a current account to the extent of the necessity, provided that one does not claim ownership of the interest and instead spends it on the welfare of Muslims. The safest course of action is to avoid these banks altogether.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/30334
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 30334
- 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