Back to search
The question

Is it permissible for an employee to withdraw his savings from the savings scheme, from which the institution deducts 1% as commission, without being obligated to return them, knowing that the institution invests these savings in usurious investments?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Savings invested in unlawful () ventures must be withdrawn immediately if possible, even if it incurs a withdrawal fee, because it is impermissible to keep them invested in something unlawful. If the owner of the wealth has received interest from these savings, they must dispose of it by giving it to the poor and needy, as it is unlawful wealth that cannot be benefited from except by the poor and needy. The fact that withdrawing savings requires paying a certain percentage is considered a retraction by the employer from part of what they had given to the employee.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
151376
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy