What is the ruling on money taken from a grandfather's pension, which the state contributes to for retirees, knowing that the grandfather has other money that he deposits in a usurious bank?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It has been previously affirmed that it is forbidden to deposit money in postal savings accounts and interest-based banks, because it is not a legitimate investment. The grandfather should be advised and informed of the ruling. There is no harm in receiving the pension through interest-based institutions.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 136175
- Imported
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