Is it permissible, from a Sharia perspective, to agree to assign your rights to PayPal for any interest accrued on your funds held by the platform, as stated in paragraph 4.1 of their User Agreement: "...PayPal may receive interest on amounts that PayPal holds on your behalf. You agree to assign your rights to PayPal for any interest that may arise from your funds"?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
This condition is considered usurious and forbidden if the company deposits customer funds in usurious banks, where the company waives the interest earned from these deposits. And the customer's dedicating his rights to the profits generated from his balances to the company does not absolve him of sin, whether he takes the interest or leaves it for the company.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/135930
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 135930
- Imported
- Translation status
- Source text, unreviewed
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