Is it permissible to subscribe to an employee savings plan that deducts 3% from the salary, to which the institution adds 6%, and the amount is deposited in banks with interest (riba), with the condition of not benefiting from the usurious interest? And is it permissible for the employee, upon withdrawal, to keep only the amount deducted from his salary (3%) without the interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to participate in a savings scheme that invests money in usurious banks, due to the involvement in prohibited usury, even if the intention is not to benefit from the interest. However, taking back the money you paid is permissible because it is your property.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/157353
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 157353
- 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