The ruling on opening an account in a riba (usury or interest) bank
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah preserve you, what is the ruling on opening an account with one of the banks known for dealing in riba?
Answer:
Opening an account: if by opening an account you mean merely depositing without investing, and the money is deposited only for safekeeping, then this is permissible out of necessity, because people need to keep their money safe and there is no secure place for it other than these institutions, so they deposit their money there for safekeeping; there is nothing wrong with that. However, if it is distributed for investment, then this
He says: Honorable Shaykh, may Allah preserve you, what is the ruling on opening an account with one of the banks known for dealing in riba?
Answer:
Opening an account: if by opening an account you mean merely depositing without investing, and the money is deposited only for safekeeping, then this is permissible out of necessity, because people need to keep their money safe and there is no secure place for it other than these institutions, so they deposit their money there for safekeeping; there is nothing wrong with that. However, if it is distributed for investment, then this
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/76 شرح زاد المستقنع/ صالح الفوزان — youtube.com (41:10)
The Arabic text is a machine transcription of the audio recording.