The ruling on depositing one's salary in the bank
Machine translationRead the Arabic original
Question:
May Allah reward you. Honorable Shaykh, is there a doubt (shubhah) in keeping the salary in a current account? And is it better to take the entire salary as soon as it is deposited, or leave it in the bank?
Answer:
This deposit in the bank, if it is for safekeeping only, then there is nothing wrong with it; it is permissible out of necessity. Everyone does this, because coins and currency are feared to be lost, stolen, or damaged, and placing them in the bank is safe for them. So, if the deposit in the bank is for salaries or anything else for the purpose of safekeeping, there is nothing wrong with it due to necessity. However, if it is for investment, where you place it in the bank to be invested and you take riba (usury or interest) on it, this is forbidden and not permissible.
May Allah reward you. Honorable Shaykh, is there a doubt (shubhah) in keeping the salary in a current account? And is it better to take the entire salary as soon as it is deposited, or leave it in the bank?
Answer:
This deposit in the bank, if it is for safekeeping only, then there is nothing wrong with it; it is permissible out of necessity. Everyone does this, because coins and currency are feared to be lost, stolen, or damaged, and placing them in the bank is safe for them. So, if the deposit in the bank is for salaries or anything else for the purpose of safekeeping, there is nothing wrong with it due to necessity. However, if it is for investment, where you place it in the bank to be invested and you take riba (usury or interest) on it, this is forbidden and not permissible.
Source
بقاء الراتب في الحساب الجاري — alfawzan.live
The Arabic text is a machine transcription of the audio recording.