Is it permissible to deal with a bank that charges fees on accounts with balances below EGP 5,000, with the possibility of overcoming these fees by opening an interest-bearing account in which the account holder waives the interest to the bank in exchange for covering the fees, or must the fees be paid from one's own money?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If opening an account in a bank is necessary for transferring salary and the like, then it is permissible due to necessity, and what the bank receives as a fee for the transfer is permissible to pay. It is not permissible to open an interest-bearing account to pay bank expenses, because the prohibition of usury is a right of Allah, and paying expenses does not make it permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/18324
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 18324
- 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