The Ruling on Opening an Account in Riba-Based Banks
Machine translationRead the Arabic original
Question:
May Allah reward you. Honorable Shaykh, this questioner says: What is the ruling on opening an account in riba (usury or interest) banks without taking the interest on it?
Answer:
Opening the account for the purpose of depositing only, this is permissible out of dire necessity, if no place is found to keep his money in, he fears for it from theft and loss, and no place is found except the banks, then it is permissible to deposit in it for the purpose of safekeeping only. As for depositing for the purpose of investment, this is forbidden and not permissible. Riba-based investment is forbidden and not permissible. As for depositing for the purpose of safekeeping, this is permissible out of dire necessity, within the limits of that necessity. Yes.
May Allah reward you. Honorable Shaykh, this questioner says: What is the ruling on opening an account in riba (usury or interest) banks without taking the interest on it?
Answer:
Opening the account for the purpose of depositing only, this is permissible out of dire necessity, if no place is found to keep his money in, he fears for it from theft and loss, and no place is found except the banks, then it is permissible to deposit in it for the purpose of safekeeping only. As for depositing for the purpose of investment, this is forbidden and not permissible. Riba-based investment is forbidden and not permissible. As for depositing for the purpose of safekeeping, this is permissible out of dire necessity, within the limits of that necessity. Yes.
Source
فتح الحساب في البنوك الربوية — alfawzan.live
The Arabic text is a machine transcription of the audio recording.