Placing money in riba (usury or interest) banks out of dire necessity
Machine translationRead the Arabic original
Question:
This questioner asks: What is the ruling on placing money in banks that deal in riba (usury or interest) out of dire necessity and out of non-necessity? And how can one guard against riba? Is it permissible to give the excess riba as charity every month? Or
Answer:
Placing it in the bank out of dire necessity is not a problem, if Allah wills, without interest, for safekeeping only out of dire necessity. As for placing it for interest, it is not permissible. And if another place becomes available where he can keep it, or a safe where he can keep it with the bank and open it with him, that is easier and further from the condition.
This questioner asks: What is the ruling on placing money in banks that deal in riba (usury or interest) out of dire necessity and out of non-necessity? And how can one guard against riba? Is it permissible to give the excess riba as charity every month? Or
Answer:
Placing it in the bank out of dire necessity is not a problem, if Allah wills, without interest, for safekeeping only out of dire necessity. As for placing it for interest, it is not permissible. And if another place becomes available where he can keep it, or a safe where he can keep it with the bank and open it with him, that is easier and further from the condition.
Source
فتاوى الحج 1410 هـ - 13 (2) — archive.org (1:21:57)
The Arabic text is a machine transcription of the audio recording.