What is the ruling on depositing money in conventional and Islamic banks with the intention of preserving it and benefiting from its interest, and what is the ruling on disposing of this interest if it is Haram (forbidden)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
All praise is due to Allah, and may peace and blessings be upon the Messenger of Allah, and upon his family and companions. To proceed:
Your question, dear enquirer, encompasses several matters, and we will briefly summarize the answers for you as follows:
1. 2. 3. 4. 5. 6. 7. 8. And Allah knows best.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/102665
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- Ftawy
- Original fatwa ID
- 102665
- Added here
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- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy