What is the ruling on keeping money in an Islamic bank under the current circumstances versus returning it to a conventional bank for ease of disposal?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to deposit money in a usurious bank, because it aids the bank in its usurious transactions. However, if there is a fear of the money being lost, stolen, or confiscated, it is permissible to place it in a current account that yields no interest.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 97313
- Imported
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