What is the ruling on opening a current account in a bank that divides the amount into shares and conducts periodic cash draws on them for depositors, with the possibility of withdrawing the original amount at any time without increase or decrease?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to deal with usurious banks by opening current accounts, as that entails cooperation in sin and aggression. The process of depositing money in this bank is a type of loan that brings benefit, where the depositor lends to the bank to gain an opportunity to participate in prize draws, and this is impermissible. The allocated amount is a form of interest on deposits in a new way that resembles gambling. Therefore, it is not permissible to open an account in this 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/36762
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 36762
- 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