Opening an Account in Riba Banks Without Interest
Machine translationRead the Arabic original
Question:
Honorable Shaykh, this questioner says: What is the ruling on opening an account in riba (usury or interest) banks without taking the interest on it?
Answer:
Opening an account for the sake of saving only, this is permissible. It appears that if one does not find a place to keep his money in, fearing it from theft and loss, and does not find a place other than the banks, then it is permissible to return to saving for the sake of poverty. As for depositing for investment, this is forbidden, and there is no doubt about it. Investment is cyclical; this is forbidden. As for depositing for this preservation, this is a dire necessity, within the limits of dire necessity. Yes.
The presenter:
May Allah reward you
Honorable Shaykh, this questioner says: What is the ruling on opening an account in riba (usury or interest) banks without taking the interest on it?
Answer:
Opening an account for the sake of saving only, this is permissible. It appears that if one does not find a place to keep his money in, fearing it from theft and loss, and does not find a place other than the banks, then it is permissible to return to saving for the sake of poverty. As for depositing for investment, this is forbidden, and there is no doubt about it. Investment is cyclical; this is forbidden. As for depositing for this preservation, this is a dire necessity, within the limits of dire necessity. Yes.
The presenter:
May Allah reward you
Source
قناة «العلامة الدكتور صالح الفوزان»، اللقاء الأسبوعي-23 من 32-لفضيلة الشيخ صالح بن فوزان الفوزان -حفظه الله- مشروع كبار العلماء — youtube.com (36:44)
The Arabic text is a machine transcription of the audio recording.