Is it permissible to deposit money for savings in ATM machines belonging to banks, given that there are no interest charges involved and it is my only means of saving?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the bank adheres to the provisions of Islamic , then it is permissible to deposit money in it and benefit from its profits. However, if the bank is usurious (Riba-based), it is permissible to deposit money in it out of necessity, and it should be placed in a current account, not a savings account.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/54548
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 54548
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy