Is it permissible to use bank interest in essential life projects, and if not, where can it be utilized?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Bank interest is forbidden usury (riba). Whoever is compelled to deposit their money in a usurious bank due to the absence of an Islamic bank is permitted to take the interest, but they do not own it. Rather, they must spend it on the poor and needy or on public welfare.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/41540
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- Ftawy
- Original fatwa ID
- 41540
- Imported
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