Does the one who takes his money from banks without an increase fall under the saying of Allah the Exalted: “And do not cooperate in sin and transgression”?
Machine translationRead the Arabic original
Question:
He asks: Does the one who takes his money from the banks without any increase fall under the saying of Allah the Exalted:[Al-Ma'idah 5:2]
Answer:
Depositing in banks solely for the purpose of safekeeping is permissible out of dire necessity. It is permissible out of dire necessity, because if you did not deposit it, you would fear its loss or theft. Therefore, depositing for the sake of safekeeping is not a problem out of dire necessity, and it is not cooperation in sin and transgression; rather, it is securing the money against loss. However, if you deposit it to receive interest on it, that is riba (usury or interest) and is not permissible. Yes.
He asks: Does the one who takes his money from the banks without any increase fall under the saying of Allah the Exalted:
but do not cooperate in sin and aggression
وَلَا تَعَاوَنُوا عَلَى الْإِثْمِ وَالْعُدْوَانِAnswer:
Depositing in banks solely for the purpose of safekeeping is permissible out of dire necessity. It is permissible out of dire necessity, because if you did not deposit it, you would fear its loss or theft. Therefore, depositing for the sake of safekeeping is not a problem out of dire necessity, and it is not cooperation in sin and transgression; rather, it is securing the money against loss. However, if you deposit it to receive interest on it, that is riba (usury or interest) and is not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، هل من يأخذ أمواله من البنوك دون زيادة يدخل في قوله تعالى (ولا تعاونوا على الإثم والعدوان)؟ #فتاوى — youtube.com
The Arabic text is a machine transcription of the audio recording.