What is the ruling on opening a savings account in a usurious bank—one that does not accrue increments, profits, or usurious interest—for the purpose of using it for small online purchases, in order to avoid potential risks associated with using the main account in an Islamic bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
You should have asked before acting and opening an account in an interest-based (ribawi) bank, as this is fundamentally impermissible and unnecessary. Islamic banks are available that provide such services, and an account can be opened with them that fulfills the aforementioned need. Therefore, close the account in the interest-based bank and replace it with an account in an Islamic 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/166758
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 166758
- 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