Is it permissible to temporarily open a bank account with interest to transfer funds, with the intention of closing it and withdrawing only the principal once it becomes possible to open a business account free of interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to deal with usurious banks unless there is a legitimate need. If a person is compelled to open an account in a usurious bank, and the choice is between a commercial account with a high fee (large discount) or an account with usurious interest, then the lesser of two evils is the interest-bearing account, provided that one does not take the interest for oneself but disposes of it by putting it towards charitable causes. This is because the commercial account yields greater benefit to the usurious bank, which is a greater evil.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/195932
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 195932
- 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