Salaries of bank employees and whether they fall under riba
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, are the salaries from banks for employees part of the dust of riba mentioned in the hadith?
The Shaykh:
What is this?
The questioner:
Are the salaries from banks for employees part of the dust of riba mentioned in the hadith?
The Shaykh:
The employees receive their salaries in exchange for their work in the offices. They do not receive them for dealing with the bank; rather, the money is transferred to the bank to keep it safe from fear and robbery. It is a balance in the bank and a deposit in the bank, so he receives it through the bank because this is a safer route than receiving it from another place, as he fears robbery and fears that the owner will be assaulted and it taken from him unjustly. He receives it in exchange for his work, not in exchange for dealing with the bank. Yes.
The questioner:
Honorable Shaykh.
The Shaykh:
Unless he invests it in the bank. If he invests it and says, "Leave it with you and invest it with interest," this is riba. Yes.
Honorable Shaykh, are the salaries from banks for employees part of the dust of riba mentioned in the hadith?
The Shaykh:
What is this?
The questioner:
Are the salaries from banks for employees part of the dust of riba mentioned in the hadith?
The Shaykh:
The employees receive their salaries in exchange for their work in the offices. They do not receive them for dealing with the bank; rather, the money is transferred to the bank to keep it safe from fear and robbery. It is a balance in the bank and a deposit in the bank, so he receives it through the bank because this is a safer route than receiving it from another place, as he fears robbery and fears that the owner will be assaulted and it taken from him unjustly. He receives it in exchange for his work, not in exchange for dealing with the bank. Yes.
The questioner:
Honorable Shaykh.
The Shaykh:
Unless he invests it in the bank. If he invests it and says, "Leave it with you and invest it with interest," this is riba. Yes.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، بداية من باب الربا — islamhouse.com (53:41)
The Arabic text is a machine transcription of the audio recording.