Is it permissible to open a current account in a usurious bank where no interest is calculated, and the bank neither adds to nor deducts from the money except for a fixed annual fee specified for administrative procedures, and this fee does not change with the amount of money deposited?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is forbidden to deal with usurious banks, even in permissible transactions like current accounts, if Islamic banks are available. A Muslim must replace forbidden usurious dealings with permissible Islamic dealings.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/181870
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 181870
- 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