Is it permissible to profit from money placed in an interest-based bank due to the unavailability of an Islamic bank, a place to spend the money, or a place to keep it at home?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to deposit money in a usurious bank for investment or safekeeping, because it is based on usury, and the one who deposits money in it assists the bank in a forbidden act. However, scholars have made an exception for cases of extreme necessity for safeguarding or transferring money if there is no Islamic institution available to do so. Usurious banks do not engage in permissible Murabaha or Mudaraba; their operations are limited solely to lending and borrowing with interest (riba).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/34594
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 34594
- 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