What is the ruling on placing money in riba (usury or interest) banks solely for savings and to protect it from theft?
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. This questioner says: What is the ruling on placing money in banks solely for savings and to protect it from theft, even though it is in my heart that this is a type of cooperation in sin and aggression, because the banks operate on the money that enters them and use it in their riba loans.
Answer:
Yes, this is a type of cooperation, there is no doubt about that. And this may be, and Allah knows best, of the dust that befalls those who do not consume riba; it befalls them because they deposit with them, and they invest it, they invest their money. But they say it is permissible out of dire necessity if you have money you fear for and there is no place to keep it except the bank; this is from the category of dire necessity.
And dire necessity has a ruling. So where do you deposit your money? Where do you deposit the money you have? There is no place except the bank, so it is from the category of dire necessity. Allah (Exalted and Majestic is He) says:[Al-An'am 6:119] Yes.
May Allah reward you, Honorable Shaykh. This questioner says: What is the ruling on placing money in banks solely for savings and to protect it from theft, even though it is in my heart that this is a type of cooperation in sin and aggression, because the banks operate on the money that enters them and use it in their riba loans.
Answer:
Yes, this is a type of cooperation, there is no doubt about that. And this may be, and Allah knows best, of the dust that befalls those who do not consume riba; it befalls them because they deposit with them, and they invest it, they invest their money. But they say it is permissible out of dire necessity if you have money you fear for and there is no place to keep it except the bank; this is from the category of dire necessity.
And dire necessity has a ruling. So where do you deposit your money? Where do you deposit the money you have? There is no place except the bank, so it is from the category of dire necessity. Allah (Exalted and Majestic is He) says:
excepting that to which you are compelled
إِلَّا مَا اضْطُرِرْتُمْ إِلَيْهِ
Source
قناة «العلامة الدكتور صالح الفوزان»، [735 -954] ما حكم وضع الأموال في البنوك الربوية للادخار فقط، ولحفظها من السرقة؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.
