Is it permissible to transfer one's salary to an interest-based bank in order to obtain a loan without interest, while withdrawing the salary immediately upon its deposit?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is forbidden to transfer one's salary to an interest-based bank when a non-interest-based alternative is available, due to the availability of an Islamic alternative. If the bank stipulates the salary transfer in exchange for a loan, then this loan is considered impermissible because it is a "loan that brings benefit," as the bank benefits from the salary transfer, which makes it unlawful.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/172521
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 172521
- 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