Depositing in a bank that has an Islamic transactions branch
Machine translationRead the Arabic original
The questioner:
Another question says: I deposited a sum of money in a bank that has an Islamic transactions branch. The profit is not fixed, but the funds of the Islamic branch are mixed with the funds of the regular bank, which certainly deals with riba (usury or interest). So, is its profit halal or haram? I deposited a sum of money in a bank that has an Islamic transactions branch; the profit is not fixed, but the funds of the Islamic branch are mixed with the funds of the regular bank, which certainly deals with riba. So, is its profit halal or haram? And if I withdraw the money from the Islamic branch, do I have the right to the benefit, or to the destruction of the profit, or to give it in charity?
The Shaykh:
In any case, as long as his situation with the riba-based bank is one single state, it is not permissible for him to deal with it until he utilizes the Islamic bank for Islamic transactions. The Islamic transaction must be in the Islamic manner, such that the profit is shared, like other partnerships. If he works, he gets a quarter, a half, or a third of the profit, and the rest belongs to the owner of the capital. This is if it is an Islamic bank. But if it fixes five percent, ten percent, every month or every year, and if it does not mix this with that, then he has agreed to both transactions, and it does not reach him. What he took from the Islamic bank. Yes.
The questioner:
What he took as earnings from his bank.
The Shaykh:
If he takes it in this manner, he can direct it to channels of good, and he does not take it if he took it by way of riba or participation in riba.
Another questioner:
The Islamic bank, the riba-based bank.
Another question says: I deposited a sum of money in a bank that has an Islamic transactions branch. The profit is not fixed, but the funds of the Islamic branch are mixed with the funds of the regular bank, which certainly deals with riba (usury or interest). So, is its profit halal or haram? I deposited a sum of money in a bank that has an Islamic transactions branch; the profit is not fixed, but the funds of the Islamic branch are mixed with the funds of the regular bank, which certainly deals with riba. So, is its profit halal or haram? And if I withdraw the money from the Islamic branch, do I have the right to the benefit, or to the destruction of the profit, or to give it in charity?
The Shaykh:
In any case, as long as his situation with the riba-based bank is one single state, it is not permissible for him to deal with it until he utilizes the Islamic bank for Islamic transactions. The Islamic transaction must be in the Islamic manner, such that the profit is shared, like other partnerships. If he works, he gets a quarter, a half, or a third of the profit, and the rest belongs to the owner of the capital. This is if it is an Islamic bank. But if it fixes five percent, ten percent, every month or every year, and if it does not mix this with that, then he has agreed to both transactions, and it does not reach him. What he took from the Islamic bank. Yes.
The questioner:
What he took as earnings from his bank.
The Shaykh:
If he takes it in this manner, he can direct it to channels of good, and he does not take it if he took it by way of riba or participation in riba.
Another questioner:
The Islamic bank, the riba-based bank.
Source
ندوات الجامع الكبير مع الأسئلة - 66 — archive.org (43:00)
The Arabic text is a machine transcription of the audio recording.
