Depositing Money in the Bank When in Need
Machine translationRead the Arabic original
Question:
He asks: Perhaps I would deposit money in the bank without it affecting it, but this surplus is present.
Answer:
If it is possible to deposit it with someone other than the banks when there is a need, that is better. But if it is not possible, there is no harm; he deposits it in the bank, but without participating in riba (usury or interest). He keeps it or places it in a safe with them, and they issue a check for it so that they keep it safe. The point is that if it is understood to be free of riba, there is no harm when there is a need. And if it is possible to deposit it in another place, that is safer and better.
He asks: Perhaps I would deposit money in the bank without it affecting it, but this surplus is present.
Answer:
If it is possible to deposit it with someone other than the banks when there is a need, that is better. But if it is not possible, there is no harm; he deposits it in the bank, but without participating in riba (usury or interest). He keeps it or places it in a safe with them, and they issue a check for it so that they keep it safe. The point is that if it is understood to be free of riba, there is no harm when there is a need. And if it is possible to deposit it in another place, that is safer and better.
Source
لقاءات لابن باز - لقاء الخير - ابن باز — archive.org (40:09)
The Arabic text is a machine transcription of the audio recording.