Deposits in Banks
Machine translationRead the Arabic original
Question:
The questioner asks: Is it permissible to rely on a set of conditions? That you illuminate the mountains and work on the location of children and work on the lost. And is it permissible to rely on it regarding the children themselves?
Answer:
Depositing in banks for the sake of preservation is permissible out of necessity. It is permissible to deposit your money to preserve it from theft and loss, from the perspective of necessity. However, depositing for the sake of investment and taking manual interest is forbidden.
All banks are the same. I do not know of any banks that are better than others; they are all based on riba (usury or interest). But if you are compelled to deposit in them for preservation, that is a barrier, because Allah the Exalted says:[Al-An'am 6:119] So if the money remains with you, there is fear for you and fear that it will be stolen, and it may be stolen from you, causing you harm or even killing. Praise be to Allah, some of it gets stolen. You withdraw from it as needed, but you do not take riba-based interest from it. Yes.
The questioner asks: Is it permissible to rely on a set of conditions? That you illuminate the mountains and work on the location of children and work on the lost. And is it permissible to rely on it regarding the children themselves?
Answer:
Depositing in banks for the sake of preservation is permissible out of necessity. It is permissible to deposit your money to preserve it from theft and loss, from the perspective of necessity. However, depositing for the sake of investment and taking manual interest is forbidden.
All banks are the same. I do not know of any banks that are better than others; they are all based on riba (usury or interest). But if you are compelled to deposit in them for preservation, that is a barrier, because Allah the Exalted says:
to you what He has forbidden you, excepting that to which you are compelled
لَكُم مَّا حَرَّمَ عَلَيْكُمْ إِلَّا مَا اضْطُرِرْتُمْ إِلَيْهِ
Source
شرح الأصول الثلاثة [10] — alfawzan.live (1:18:41)
The Arabic text is a machine transcription of the audio recording.
