The ruling on depositing money in the bank in exchange for interest
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. One of the sisters from Egypt is asking. She says: We deposit ten thousand Egyptian pounds, and after ten years we receive an interest of eleven percent. Knowing that this interest is what we live on after we return to our country, and we have no other source of income besides it, is it permissible for us to deal in such a matter?
Answer:
No, riba (usury or interest) is not permissible. Riba is not permissible. Investing money without riba is required in buying, selling, and lawful transactions; there is no harm in that. As for accumulating it through riba, that is absolutely not permissible. Allah has made good things lawful, and 'Umar said:[Al-Baqarah 2:278-279].
So the Prophet (peace and blessings be upon him) fights for Allah and His Messenger. He prepares for war. Allah sends down upon him plagues and diseases. He sends upon him the creation. He sends upon him calamities. And Allah has the armies of the heavens and the earth; He sends upon him from His armies, Mighty and Majestic, if he is a transgressor against Allah, Mighty and Majestic. Yes.
May Allah reward you, Honorable Shaykh. One of the sisters from Egypt is asking. She says: We deposit ten thousand Egyptian pounds, and after ten years we receive an interest of eleven percent. Knowing that this interest is what we live on after we return to our country, and we have no other source of income besides it, is it permissible for us to deal in such a matter?
Answer:
No, riba (usury or interest) is not permissible. Riba is not permissible. Investing money without riba is required in buying, selling, and lawful transactions; there is no harm in that. As for accumulating it through riba, that is absolutely not permissible. Allah has made good things lawful, and 'Umar said:
(278) O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers. (279) And if you do not, then be informed of a war [against you] from Allah and His
يَا أَيُّهَا الَّذِينَ آمَنُوا اتَّقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَا إِن كُنتُم مُّؤْمِنِينَ فَإِن لَّمْ تَفْعَلُوا فَأْذَنُوا بِحَرْبٍ مِّنَ اللَّهِ وَرَسُولِهِSo the Prophet (peace and blessings be upon him) fights for Allah and His Messenger. He prepares for war. Allah sends down upon him plagues and diseases. He sends upon him the creation. He sends upon him calamities. And Allah has the armies of the heavens and the earth; He sends upon him from His armies, Mighty and Majestic, if he is a transgressor against Allah, Mighty and Majestic. Yes.
Source
أخذ الربا من البنوك كدخل للمعيشة — alfawzan.live
The Arabic text is a machine transcription of the audio recording.