Is it permissible to give usurious bank interest to friends as a wedding gift to help them?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible for a Muslim to deposit money in an interest-based (usurious) bank, whether with or without interest. Repentance is obligatory, and the money must be withdrawn. If compelled, one may deposit it in a current account without interest. The interest generated from the deposit is not lawful for the account holder, and it must be disposed of by spending it on general Muslim welfare, such as orphanages, or for the poor and needy, including the questioner's friends if they are poor.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/98104
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 98104
- 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