Is it permissible to benefit from the profits of a savings fund (bank interest), and is it permissible to distribute them to needy relatives?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The profits of banks are unlawful () in Islamic law because they constitute usury (riba). Their prohibition is almost a consensus among contemporary scholars. Therefore, it is not permissible to own these profits because they are ill-gotten gains (mal khabith). However, they should be taken from the banks, while condemning their practice, and disbursed for the general welfare of Muslims, such as the poor and the needy. Poor relatives have a greater right to them.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/60822
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 60822
- 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