Back to search
The question

Is it permissible to give out the usufruct (interest) from an inheritance deposited in a usurious bank, in a non-local currency, by converting it to the local currency and then giving it out, knowing that the local currency is of low value, or must the usufruct be given out in the same non-local currency?

Share this answer

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

First: The money deposited in a usurious bank is inheritable. However, there is a difference of opinion regarding the inheritance of its interest, and the most apparent view is that it is permissible for the heirs to benefit from it.

Second: If the heirs wish to dispose of the interest from a foreign currency, they should disburse it either from the same currency or its equivalent in another currency. It should be estimated at the highest exchange rate to avoid disbursing less than what is due. If they isolate the interest and disburse it at the highest rate, they have fulfilled their obligation.

Third: All of this pertains to the interest before the heirs take possession of the money. However, after the inheritance is transferred to them, it is not permissible to keep it in a usurious bank or to take its interest. They must withdraw it as soon as they are able to do so.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
15934
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy