The Ruling on Netting at Banks
Machine translationRead the Arabic original
Question:
Honorable Shaykh, is what is called netting at banks permissible?
Answer:
If it is netting of debts that are due, there is nothing wrong with it. If it is netting of debts that are due, where a bank has a debt, meaning each party has a debt to the other, they net their debts among themselves, without money, or individuals where each has money owed to the other and they net among themselves, I see nothing wrong with it. Yes.
Honorable Shaykh, is what is called netting at banks permissible?
Answer:
If it is netting of debts that are due, there is nothing wrong with it. If it is netting of debts that are due, where a bank has a debt, meaning each party has a debt to the other, they net their debts among themselves, without money, or individuals where each has money owed to the other and they net among themselves, I see nothing wrong with it. Yes.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، باب الرخصة في العرايا وبيع الأصول والثمار — islamhouse.com (30:25)
The Arabic text is a machine transcription of the audio recording.