Depositing money in the bank for safekeeping
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. He says: I have a lot of money in my country, and I am afraid it will be stolen. What should I do with it? Am I allowed to put it in an Islamic bank, such as Bank فيصل, since I am in Egypt?
Answer:
Depositing for safekeeping is permissible in banks due to dire necessity, for safekeeping only, not for investment. It is only for safekeeping. This is permissible due to dire necessity. Where do people go? Where do they deposit their money? Yes. Allah the Exalted knows best, and may Allah send prayers and peace upon our Prophet Muhammad, and upon his family and his Companions.
Honorable Shaykh, may Allah grant you success. He says: I have a lot of money in my country, and I am afraid it will be stolen. What should I do with it? Am I allowed to put it in an Islamic bank, such as Bank فيصل, since I am in Egypt?
Answer:
Depositing for safekeeping is permissible in banks due to dire necessity, for safekeeping only, not for investment. It is only for safekeeping. This is permissible due to dire necessity. Where do people go? Where do they deposit their money? Yes. Allah the Exalted knows best, and may Allah send prayers and peace upon our Prophet Muhammad, and upon his family and his Companions.
Source
شرح إغاثة اللهفان من مصائد الشيطان لابن القيم، الباب الرابع في أن حياة القلب وإشراقه مادة كل خير فيه — islamhouse.com (1:16:13)
The Arabic text is a machine transcription of the audio recording.