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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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Is placing money in a bank without taking interest considered riba (usury or interest)?

Machine translationRead the Arabic original
Question:
The questioner: If I place my money in a riba (usury or interest) bank and do not take the interest, am I included in riba?

Answer:
If the deposit is for safekeeping only, if you are afraid for your money and deposit it for the sake of preservation, they say this is a matter of dire necessity; it is permitted for the sake of dire necessity. But if you deposit it for investment, or if you have a safe place to deposit it other than the bank, it is not permissible for you to deposit in the bank except in cases of dire necessity only. Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، [1680- 4717] هل يعد من الربا وضع المال في البنك مع عدم أخذ الفائدة؟ - الشيخ صالح الفوزان — youtube.com

The Arabic text is a machine transcription of the audio recording.

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