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: FtawySummary from Ftawy's records · added here 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/111535
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 111535
- 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