Can the percentage deducted by the bank when withdrawing an amount from an interest-bearing account be considered part of the usurious interest, or is it deducted from the principal amount? And is it obligatory to spend the interest on charitable causes immediately, or is delay permissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The percentage taken by the bank for withdrawal is calculated from the principal and its interests. The remaining interest must be immediately disbursed for the benefit of Muslims or to the poor and needy. It is permissible to give some of it to poor heirs according to their needs. As for what remains of the principal after deducting the bank's percentage, it is part of the father's inheritance and is distributed among the heirs after fulfilling his debts and executing his will. Whoever deals with a usurious bank should repent to Allah and advise their brethren to abandon dealings involving usury.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/115271
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 115271
- 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