Permissibility of depositing money in a bank out of necessity
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The honorable Shaykh! If a person has a balance of money, is it permissible for him to deposit it in the Bank of Riyadh or the National Bank, given that they deal in transactions involving usury or interest? Especially since the National Bank has established a section it calls an Islamic bank and appointed a Sharia committee for it. Is it permissible for a person to deposit his balance in that section?
If a person is in need of doing so, whether out of fear for his money or for any other reason, there is no blame on him for depositing it in these banks, but he should choose the one that deals the least with usury or interest.
As for the Islamic section, when we know about it, as long as it is Islamic and there is a Sharia committee, we ask Allah that they are sincere in this, and it should be deposited in this section of the bank.
If a person is in need of doing so, whether out of fear for his money or for any other reason, there is no blame on him for depositing it in these banks, but he should choose the one that deals the least with usury or interest.
As for the Islamic section, when we know about it, as long as it is Islamic and there is a Sharia committee, we ask Allah that they are sincere in this, and it should be deposited in this section of the bank.