Is it permissible to deal with savings accounts in usurious banks, whereby the bank saves a monthly amount from one's salary with an annual increase, if this increase is disposed of by giving it to the poor?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to save in usurious banks, and the interest they give is considered unlawful usury (riba). The intention to get rid of it by giving it to the poor does not make the forbidden transaction permissible. One must deal with Islamic banks if possible, and a Muslim has no excuse to deal with usurious banks when an Islamic alternative exists.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/185052
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 185052
- 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