The ruling on dealing with banks that some scholars permit

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Question:
He says: A young man from an Arab country residing in al-Manbijat. In our country, the senior scholars encourage dealing with banks. Based on that, I deposited my money in the bank for savings. Is this lawful or forbidden?

Answer:
If your scholars have permitted riba (usury or interest), Allah has forbidden it.

Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, "Trade is [just] like interest." But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah. But whoever returns to [dealing in interest or usury] - those are the companions of the Fire; they will abide eternally therein.

الرِّبَا وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا

[Al-Baqarah 2:275]

The Messenger (peace and blessings be upon him) said, "May Allah curse

the one who consumed Riba, and the one who charged it, those who witnessed it, and the one who recorded it

آكل الربا وموكله وشاهديه وكاتبه

Jami` at-Tirmidhi 1206Hasan (Darussalam)

or his scribe and his witnesses." So what is the reference? The reference is the word of Allah and the word of His Messenger (peace and blessings be upon him). If the scholars' statement contradicts the word of Allah and the word of His Messenger (peace and blessings be upon him), it is rejected, and it is not permissible for you to deposit your money for investment or savings. This is not permissible for you; this is dealing in riba.

Source وضع الأموال في البوك الربوية — alfawzan.live

The Arabic text is a machine transcription of the audio recording.

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