Is the bank's deduction of fees for transferring money between accounts considered usury (riba) or a charge for the service?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible for the bank to take the deducted money as a fee for transferring money to another bank.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/193704
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 193704
- 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