Are the funds acquired considered halal when opening a US bank account mandated by the government, knowing that the bank allows interest-bearing savings accounts, but the funds will be transferred directly and will not accrue any interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to open the aforementioned bank account if there is a need for it, and it is not a savings account, provided that the money is withdrawn from it after the need ceases. This does not affect the lawfulness of the money.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/180437
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 180437
- 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