The Ruling on Deposits in Banks

Question:
The third question asks: Is it permissible to cause harm in a situation where one feels there is a need for security and takes precautions regarding the restaurant and the safety of the dining area, and what is the ruling on contracts where causing harm is permissible?

Answer:
Depositing money in banks for the purpose of safekeeping is permissible out of necessity. It is permissible to distribute your money to protect it from theft and loss, as a matter of necessity. However, depositing money for the purpose of investment and taking riba (usury or interest) is forbidden. All banks are the same; I do not know of any bank that is better than others. They are all based on riba. But if you are compelled to deposit in them out of fear, that is a barrier [against harm], because Allah the Exalted says: If you keep the money with you, there is fear for you and fear that it will be stolen. It may be stolen from you, and you may suffer harm or even be killed. Praise be to Allah, our religion is easy, so deposit it. Withdraw from it only what you need, but do not accept any riba-based fees. Yes.