What is the ruling on opening an account in riba (usury or interest) banks without taking the interest on it?
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. This questioner says: What is the ruling on opening an account in riba banks without taking the interest on it?
Answer:
Opening an account solely for the purpose of depositing is permissible out of dire necessity if there is no place to keep one’s money where one fears it will be stolen or lost, and no place is found other than the banks. In that case, it is permissible to deposit it for the sake of preservation. As for one who deposits for the purpose of investment, that is forbidden. Partial investment is forbidden and not permissible. As for one who deposits for the sake of preservation, that is permissible due to dire necessity; it has limits, and there is a dire necessity involved.
May Allah reward you, Honorable Shaykh. This questioner says: What is the ruling on opening an account in riba banks without taking the interest on it?
Answer:
Opening an account solely for the purpose of depositing is permissible out of dire necessity if there is no place to keep one’s money where one fears it will be stolen or lost, and no place is found other than the banks. In that case, it is permissible to deposit it for the sake of preservation. As for one who deposits for the purpose of investment, that is forbidden. Partial investment is forbidden and not permissible. As for one who deposits for the sake of preservation, that is permissible due to dire necessity; it has limits, and there is a dire necessity involved.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم فتح حساب في البنوك الربوية بدون أخذ الفوائد عليها؟ لمعالي الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.