Is it permissible for an employee to agree to open an account in a usurious bank—in order to receive a financial benefit from his employer—with the intention of getting rid of the usurious interest upon receiving the amount?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the money given by the company to the employee is a donation conditioned upon opening an interest-bearing account, then it is not permissible to accept it, even with the intention of getting rid of the usurious interest, because this condition is void and forbidden. However, if this money is an entitlement of the employee, and it cannot be obtained except by opening an interest-bearing account, then it is permissible to open it and withdraw the money immediately, and dispose of any usurious interest in charitable causes.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/168662
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 168662
- 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