Is it permissible to benefit from the interest accrued on a sum of a bank loan that was deposited into an account after the need for it ceased, in exchange for the interest that the bank takes on the same loan?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to benefit from usurious interest, and one must dispose of it by spending it on charitable causes. Furthermore, money must be withdrawn from an interest-based bank unless there is extreme necessity and no Islamic bank is available.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/47886
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 47886
- 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