Opening an account for a charitable society in the banks
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Fatwa number ( 17200 )
Q: A discussion was held regarding opening multiple accounts for the society in local banks for the purpose of facilitating the delivery of aid, subscriptions, zakah, and voluntary charity, among other things, to the society through the multiplication of its accounts; to facilitate payment by individuals, banks, and companies, as the society’s account is close to each party or individual. We present this matter to your Eminence for guidance on what you see fit. May Allah preserve you and watch over you. .
A : There is nothing wrong with opening accounts for a charitable society or others in the banks; if the purpose of that is what was mentioned in the question; because of the facilitation it entails and the absence of any prohibition. What is prohibited is opening an account for the sake of prohibited investment, and taking riba (usury or interest) on deposits; due to the hadith:Jami` at-Tirmidhi 1206Hasan (Darussalam) .
Q: A discussion was held regarding opening multiple accounts for the society in local banks for the purpose of facilitating the delivery of aid, subscriptions, zakah, and voluntary charity, among other things, to the society through the multiplication of its accounts; to facilitate payment by individuals, banks, and companies, as the society’s account is close to each party or individual. We present this matter to your Eminence for guidance on what you see fit. May Allah preserve you and watch over you. .
A : There is nothing wrong with opening accounts for a charitable society or others in the banks; if the purpose of that is what was mentioned in the question; because of the facilitation it entails and the absence of any prohibition. What is prohibited is opening an account for the sake of prohibited investment, and taking riba (usury or interest) on deposits; due to the hadith:
The Messenger of Allah (ﷺ) cursed the one who consumed Riba, and the one who charged it, those who witnessed it, and the one who recorded it.
لعن رسول الله آكل الربا وموكله وشاهديه وكاتبه
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.