What is the ruling on dealing with Islamic banks and explaining the ruling on transferring funds in them?
Machine translationRead the Arabic original
The questioner : This concerns a brother among the brothers who had a book printed by us. He is from Gaza in the West Bank. It has been about a year and a half. He gave us the amount, and we printed the book for him, and the book was sold. So he is unable to come here to collect the amount. He has a savings account in the Islamic bank, so he sent us his savings passbook to put the account in the Islamic bank in his name. So I told Ghazi, saying to him: "Understand for me what is going on. A man came, a middleman, I mean. The important thing is that Ghazi said to him: 'By Allah, we need to know about this account. Will we be sinful or not?' I said: 'If Allah wills, we will ask.'"The Shaykh : And how do we know?
The Shaykh : Of course, you will be sinful.
The questioner : If we are the ones who set up the account for him, this account for him; meaning he says: "Put the amount here." But I say that Abu Muhammad will be satisfied with his savings account.
The Shaykh : Well, he knows you in it.
Another questioner : It is like any other account in the bank.
The questioner : And the bank benefits from this amount.
Another questioner : A major benefit, especially in a savings account. A demand account is easier; because when the bank looks at a demand account...
The questioner : This passbook means savings.
Another questioner : Savings, yes, savings. This savings does not take interest and tie it for a specific period, do you understand how?
The Shaykh : What does a specific period mean?
The questioner : I mean, for example, it ties it for three months, six months, or a year.
The Shaykh : And then?
The questioner : It takes interest. If it is withdrawn before the due date, it is agreed with the bank that it takes six percent or seven and a half percent. If it is withdrawn before the due date, the interest deducted from the... this bank relies on it, and the term account, on the basis of lending these amounts to merchants to take loans from it, taking it at nine percent.
The Shaykh : In exchange for riba?
Another questioner : The same thing, the same as the other banks.
The Shaykh : In exchange for riba?
Another questioner : I mean, the Islamic bank, the same as the rest of the banks, do I understand from your words?
The questioner : By Allah, the same method. I do not know the exact style, but this is what is usually followed by all banks.
The Shaykh-- And upon you be peace --.
Is this middleman who came to you on behalf of the book's author still with you?
Another questioner : He is still here, yes, he is present. He wants to pass by tomorrow, but he will not be able to reach him. He will not be able to notify the man. He brought the passbook and does not want to return. It is difficult for him to return, it is difficult for him to enter.
The Shaykh : Okay; is it difficult to notify him of the news?
Another questioner : That is what we want. We want to see if we can notify him of the news.
The Shaykh : Yes, that is it. So you notify him. Is the amount secured?
The questioner : It is secured, by Allah. It reaches one thousand dinars.
The Shaykh : Is one thousand dinars usually placed, as you know, in a safe deposit box?
Another questioner : It is placed. They have no relation to the...
The Shaykh : What do they take?
The questioner : By Allah, according to the size and largeness of the box. There is, for example, twenty-five dinars, there is fifty dinars; it is according to the size and capacity of the box.
The Shaykh : Yes, okay; one thousand dinars, what does it need? It needs a small box.
Another questioner : ... .
The Shaykh : Suggest to him one of two things: either he sends a trustworthy person on his behalf to receive this right and deliver it to him, or you put it in a safe deposit box; such that he pays a monthly or annual fee, I do not know.
Another questioner : Annual.
The Shaykh : Annual.
The questioner : Perhaps the difficulty in delivering the amount after new decisions is that they are afraid of... the operation of fraud.
Another questioner : Regarding...; meaning sending money is possible via the Bank of Cairo.
The Shaykh : Of course, you will be sinful.
The questioner : If we are the ones who set up the account for him, this account for him; meaning he says: "Put the amount here." But I say that Abu Muhammad will be satisfied with his savings account.
The Shaykh : Well, he knows you in it.
Another questioner : It is like any other account in the bank.
The questioner : And the bank benefits from this amount.
Another questioner : A major benefit, especially in a savings account. A demand account is easier; because when the bank looks at a demand account...
The questioner : This passbook means savings.
Another questioner : Savings, yes, savings. This savings does not take interest and tie it for a specific period, do you understand how?
The Shaykh : What does a specific period mean?
The questioner : I mean, for example, it ties it for three months, six months, or a year.
The Shaykh : And then?
The questioner : It takes interest. If it is withdrawn before the due date, it is agreed with the bank that it takes six percent or seven and a half percent. If it is withdrawn before the due date, the interest deducted from the... this bank relies on it, and the term account, on the basis of lending these amounts to merchants to take loans from it, taking it at nine percent.
The Shaykh : In exchange for riba?
Another questioner : The same thing, the same as the other banks.
The Shaykh : In exchange for riba?
Another questioner : I mean, the Islamic bank, the same as the rest of the banks, do I understand from your words?
The questioner : By Allah, the same method. I do not know the exact style, but this is what is usually followed by all banks.
The Shaykh-- And upon you be peace --.
Is this middleman who came to you on behalf of the book's author still with you?
Another questioner : He is still here, yes, he is present. He wants to pass by tomorrow, but he will not be able to reach him. He will not be able to notify the man. He brought the passbook and does not want to return. It is difficult for him to return, it is difficult for him to enter.
The Shaykh : Okay; is it difficult to notify him of the news?
Another questioner : That is what we want. We want to see if we can notify him of the news.
The Shaykh : Yes, that is it. So you notify him. Is the amount secured?
The questioner : It is secured, by Allah. It reaches one thousand dinars.
The Shaykh : Is one thousand dinars usually placed, as you know, in a safe deposit box?
Another questioner : It is placed. They have no relation to the...
The Shaykh : What do they take?
The questioner : By Allah, according to the size and largeness of the box. There is, for example, twenty-five dinars, there is fifty dinars; it is according to the size and capacity of the box.
The Shaykh : Yes, okay; one thousand dinars, what does it need? It needs a small box.
Another questioner : ... .
The Shaykh : Suggest to him one of two things: either he sends a trustworthy person on his behalf to receive this right and deliver it to him, or you put it in a safe deposit box; such that he pays a monthly or annual fee, I do not know.
Another questioner : Annual.
The Shaykh : Annual.
The questioner : Perhaps the difficulty in delivering the amount after new decisions is that they are afraid of... the operation of fraud.
Another questioner : Regarding...; meaning sending money is possible via the Bank of Cairo.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.