When is it permissible to place cash amounts in the bank?
Machine translationRead the Arabic original
Question:
May Allah reward you. I have some amounts in the bank, but I cannot distinguish whether the increase in this account is riba (usury or interest) or something else. How do I distinguish that?
Answer:
If the deposit is for safekeeping only and you do not take an increase from the bank, there is nothing wrong with that. However, if you deposit it with the bank and they pay it out and give you an increase on it, that is not permissible because it is riba. Yes.
May Allah reward you. I have some amounts in the bank, but I cannot distinguish whether the increase in this account is riba (usury or interest) or something else. How do I distinguish that?
Answer:
If the deposit is for safekeeping only and you do not take an increase from the bank, there is nothing wrong with that. However, if you deposit it with the bank and they pay it out and give you an increase on it, that is not permissible because it is riba. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [5208] متى يجوزوضع المبالغ النقدية في البنك؟ - صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.