Transfer via the bank
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The second question of Fatwa No. ( 6340 )
Q2: I work in trade with my brothers in Japan , and we deposit our money in the bank so that the bank can send our money to the traders in Japan ; because the traders in Japan want a source of trust, so the bank becomes the source of trust that sends the money to them, and this method is called: (credit). Is it permissible for us to deal with the bank in this way, such that we do not take profits on our money? If it is forbidden, is there another way, or do we leave the trade?
A2 : Depositing in interest-based banks is not permissible, but as for transferring via the bank, if the request comes from the company and there is no alternative other than the interest-based bank, then transferring via it is permissible out of dire necessity.
Q2: I work in trade with my brothers in Japan , and we deposit our money in the bank so that the bank can send our money to the traders in Japan ; because the traders in Japan want a source of trust, so the bank becomes the source of trust that sends the money to them, and this method is called: (credit). Is it permissible for us to deal with the bank in this way, such that we do not take profits on our money? If it is forbidden, is there another way, or do we leave the trade?
A2 : Depositing in interest-based banks is not permissible, but as for transferring via the bank, if the request comes from the company and there is no alternative other than the interest-based bank, then transferring via it is permissible out of dire necessity.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.