What is the ruling on depositing money in riba (usury or interest) banks without taking interest, and paying electricity, telephone, and other bills from it?
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Question:
A questioner asks: What is the ruling on depositing money in riba banks without taking interest, and paying electricity, telephone, and other bills from it?
Answer:
If a person needs to deposit money in banks for the purpose of safekeeping, there is no harm in that out of dire necessity, because if he does not put it in the banks, it is at risk of being stolen or lost, and it is safer and better preserved in the banks. If the intention is merely safekeeping, there is no harm in it out of dire necessity. However, if it is for investment, this is not permissible because it is riba. Yes.
A questioner asks: What is the ruling on depositing money in riba banks without taking interest, and paying electricity, telephone, and other bills from it?
Answer:
If a person needs to deposit money in banks for the purpose of safekeeping, there is no harm in that out of dire necessity, because if he does not put it in the banks, it is at risk of being stolen or lost, and it is safer and better preserved in the banks. If the intention is merely safekeeping, there is no harm in it out of dire necessity. However, if it is for investment, this is not permissible because it is riba. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم إيداع الأموال في البنوك الربوية بدون أخذ فوائد ويسدد منها فواتير الكهرباء والتليفون وغيرها؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.