What is the answer to those who argue that the profits banks pay to depositors are a form of mudarabah?
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Question:
May Allah reward you, Honorable Shaykh. This questioner says: Some people argue that the money placed in a bank, which the bank invests and pays interest to the depositors on, is considered a form of mudarabah. What is your view, may Allah grant you success?
Answer:
It is not mudarabah. You did not deposit it as a mudarabah; you deposited it for safekeeping, or you left it with them for safekeeping only, because you fear it will be stolen, burned, or something will happen to it. So you deposit it with them for safekeeping only, not for investment. If you deposit it for investment, it becomes riba (usury or interest). Yes.
May Allah reward you, Honorable Shaykh. This questioner says: Some people argue that the money placed in a bank, which the bank invests and pays interest to the depositors on, is considered a form of mudarabah. What is your view, may Allah grant you success?
Answer:
It is not mudarabah. You did not deposit it as a mudarabah; you deposited it for safekeeping, or you left it with them for safekeeping only, because you fear it will be stolen, burned, or something will happen to it. So you deposit it with them for safekeeping only, not for investment. If you deposit it for investment, it becomes riba (usury or interest). Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1788 -3022] ما الجواب على من يحتج بأن الفوائد التي يعطيها البنك للمودعين، هي من باب المضاربات؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.