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The question

Is it permissible to deposit money in a current account of an interest-based bank?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to deposit money in interest-based banks, unless a person is compelled to do so in countries where no Islamic banks exist and he fears the loss of his money. In such a case, it is permissible to deposit money in a current account to the extent of the necessity, provided that one does not claim ownership of the interest and instead spends it on the welfare of Muslims. The safest course of action is to avoid these banks altogether.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
30334
Imported
Translation status
Source text, unreviewed
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