How can one dispose of all the money deposited in an interest-based savings account, including the mandatory amount (five dirhams) on which interest accrues, knowing that one does not wish to keep any money in an interest-based bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If a Muslim is compelled to open an account in an interest-based bank, it must be a current account that does not accrue interest, because necessity is determined by its extent. If the need cannot be met except by opening a savings account, it is permissible due to necessity, but the usurious interest must be disposed of, and the money withdrawn as soon as possible to avoid further interest. However, in the absence of compulsion, it is not permissible to deal with interest-based banks, due to it entailing cooperation in sin.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/61576
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 61576
- 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