The Ruling on the Interest of Riba Banks
Machine translationRead the Arabic original
Question:
He says: What is the view of Islam regarding bank interest? I have money and I was unable to put this money to work. And the salary is not enough.
Answer:
We say that riba (usury or interest) from the bank and from others is forbidden. Riba is forbidden. Allah has forbidden riba in the clear text of the Qur'an and the Sunnah and has threatened those who engage in it. Therefore, it is not permissible to invest in riba, neither in banks nor elsewhere. And Allah has made lawful transactions that suffice one from riba, namely buying and selling. Likewise, leasing real estate, leasing houses, leasing cars, and so on; this provides the Muslim with a means of sufficiency from riba.
He says: What is the view of Islam regarding bank interest? I have money and I was unable to put this money to work. And the salary is not enough.
Answer:
We say that riba (usury or interest) from the bank and from others is forbidden. Riba is forbidden. Allah has forbidden riba in the clear text of the Qur'an and the Sunnah and has threatened those who engage in it. Therefore, it is not permissible to invest in riba, neither in banks nor elsewhere. And Allah has made lawful transactions that suffice one from riba, namely buying and selling. Likewise, leasing real estate, leasing houses, leasing cars, and so on; this provides the Muslim with a means of sufficiency from riba.
Source
قناة «العلامة الدكتور صالح الفوزان»، هل يجوز الوقوف بعرفات ليلا للضرورة؟ للشيخ الفوزان — youtube.com (1:06)
The Arabic text is a machine transcription of the audio recording.