What is the ruling on depositing money in banks and taking only the principal, leaving the interest, and is it permissible to deduct bank charges from this left interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Deducting bank fees from usurious interest is not permissible. The basic principle is the impermissibility of depositing money in usurious banks, but it is permitted in cases of necessity and the absence of Islamic banks, provided the account is a current one that does not accrue interest. If this is not possible, and the interest is unavoidable, then it is obligatory to take it and dispose of it by giving it as charity to the poor or spending it for the benefit of Muslims, which is better than leaving it for the bank.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/183227
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 183227
- 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