The ruling on depositing money in riba (usury or interest) banks for the purpose of preserving wealth
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on making cash deposits in banks where some or most of their transactions are riba? Is this deposit a form of cooperation in sin and transgression? Is it a form of entrusting riba? If it is a deposit for preservation only,
Answer:
it is permissible out of dire necessity. However, if it is a deposit for investment, then it is forbidden, and riba investment is not permissible. Yes.
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on making cash deposits in banks where some or most of their transactions are riba? Is this deposit a form of cooperation in sin and transgression? Is it a form of entrusting riba? If it is a deposit for preservation only,
Answer:
it is permissible out of dire necessity. However, if it is a deposit for investment, then it is forbidden, and riba investment is not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1477 -2802] حكم الإيداع في البنوك الربوية من أجل حفظ المال - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.