Is it obligatory for a student to transfer his money from a usurious bank to an Islamic bank, given the difficulty in dealing with the Islamic bank and its weak services?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to deposit money in interest-based banks as long as Islamic banks are available in your country.
Although there may be some forbidden dealings in Islamic banks, they are not comparable to interest-based banks which are founded on explicit usury. Islamic banks strive to provide permissible alternatives.
Money must be withdrawn from an interest-based bank and deposited in an Islamic bank. The inadequacy of services in an Islamic bank is not considered a justification for dealing with interest-based banks.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/159377
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 159377
- 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