What is the ruling on keeping money in an Islamic bank under the current circumstances versus returning it to a conventional bank for ease of disposal?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to deposit money in a usurious bank, because it aids the bank in its usurious transactions. However, if there is a fear of the money being lost, stolen, or confiscated, it is permissible to place it in a current account that yields no interest.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/97313
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 97313
- 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