Is it permissible to donate the usurious bank interest while keeping the bank account as is, or must the type of account be changed?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to open a bank account that includes interest-based (ribawi) gains, even if the intention is to dispose of these gains by giving them to the needy. Engaging in an interest-based contract is impermissible. The obligation is to close this account and open an account free from interest-based transactions.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 167094
- Imported
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- Source text, unreviewed
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