The ruling on banks taking a fee when the balance falls below a certain limit
Machine translationRead the Arabic original
The questioner:
This questioner says: Some banks take a certain amount of money from the client if his balance falls below a specific limit, and this limit varies from bank to bank. What is the ruling on this action?
The Shaykh:
I did not understand the question. Repeat the question.
The questioner:
Yes, may Allah forgive you. This questioner says: Some banks take a certain amount of money from the customer if his balance falls below a specific limit, and this limit varies from bank to bank. What is the ruling on this action?
The Shaykh:
What they take is in the nature of a fee for safeguarding the money. If it is in the nature of a fee for safeguarding the money, then there is nothing wrong with it. Yes.
The presenter:
May Allah reward you, Honorable Shaykh,
This questioner says: Some banks take a certain amount of money from the client if his balance falls below a specific limit, and this limit varies from bank to bank. What is the ruling on this action?
The Shaykh:
I did not understand the question. Repeat the question.
The questioner:
Yes, may Allah forgive you. This questioner says: Some banks take a certain amount of money from the customer if his balance falls below a specific limit, and this limit varies from bank to bank. What is the ruling on this action?
The Shaykh:
What they take is in the nature of a fee for safeguarding the money. If it is in the nature of a fee for safeguarding the money, then there is nothing wrong with it. Yes.
The presenter:
May Allah reward you, Honorable Shaykh,
Source
75-اللقاء الأسبوعي مع الشيخ صالح الفوزان - 32 — archive.org (41:09)
The Arabic text is a machine transcription of the audio recording.