Is it permissible for me to keep my money in a usurious bank—given the fatwa of the Egyptian Dar Al-Ifta permitting it—until I return to Egypt and deposit it in an Islamic bank, especially since I spend from it to buy an apartment and give a lot in charity?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to deposit money in interest-based banks unless it becomes a necessary means of preserving money when Islamic institutions are unavailable.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/111535
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 111535
- Imported
- Translation status
- Source text, unreviewed
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