What is the ruling on bank interest, and must it be returned to the bank, or is it permissible to give it to the needy?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to return usurious interest to banks, nor to benefit from it. Rather, it must be placed in general Muslim public welfare or given to the poor and needy with the intention of disposing of it. Similarly, it is not permissible to deposit money in usurious banks except in a current account when Islamic banks are unavailable and there is a fear for one's money.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/36905
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 36905
- 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