The Ruling on Depositing Money in Banks Without Interest
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Question:
And others, may Allah protect you, ask: Is it permissible to deposit money in banks without interest, out of fear of it being lost?
Answer:
This is permissible out of dire necessity. Depositing money in banks solely for safekeeping, because one fears for it from theft or loss, and there is no other place where one can trust it to be kept except in banks, this is permissible out of dire necessity. But on the condition that you do not take interest on it; do not take any returns that come back to you. Rather, you are content with taking only the deposited money. We have heard that they resort to deception; the bank owners resort to deception in giving some interest. They give you a gift, they give you incense, they give you books, they give you... This is not permissible. This is deception regarding riba (usury or interest). Is it not permissible?
And others, may Allah protect you, ask: Is it permissible to deposit money in banks without interest, out of fear of it being lost?
Answer:
This is permissible out of dire necessity. Depositing money in banks solely for safekeeping, because one fears for it from theft or loss, and there is no other place where one can trust it to be kept except in banks, this is permissible out of dire necessity. But on the condition that you do not take interest on it; do not take any returns that come back to you. Rather, you are content with taking only the deposited money. We have heard that they resort to deception; the bank owners resort to deception in giving some interest. They give you a gift, they give you incense, they give you books, they give you... This is not permissible. This is deception regarding riba (usury or interest). Is it not permissible?
Source
إيداع الأموال في البنوك بدون فوائد بقصد حفظها — alfawzan.live
The Arabic text is a machine transcription of the audio recording.