What is the ruling of Islamic law on saving?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to save and keep money as long as the obligatory rights have been fulfilled, such as and family maintenance. The savings must not be in an interest-based bank. It is permissible in Islamic banks that adhere to guidelines. A Muslim should not neglect spending on acts of righteousness and should give charity from his wealth so that he may find his reward with Allah the Almighty, for a person's true wealth is what he spends in the way of Allah.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/31638
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 31638
- 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