What is the ruling on dealing with the Islamic bank, even if the worker does not take interest?
Machine translationRead the Arabic original
The Shaykh : Yes.
The questioner : Peace be upon you
The Shaykh : And upon you be peace and the mercy of Allah
The questioner : How are you, O Shaykh?
The Shaykh : Praise be to Allah, I am well
The questioner : May Allah keep you well, if Allah wills.
The Shaykh : May Allah preserve you
The questioner : May Allah keep you well, if Allah wills, O Lord.
The Shaykh : And may the same be for you.
The questioner : May Allah preserve you. How is your health? If Allah wills, it is fine.
The Shaykh : May Allah preserve you. Praise be to Allah.
The questioner : I have a small question.
The Shaykh : Say the takbir, say the takbir, and do not worry.
The questioner : May Allah give you life, O Shaykh.
The Shaykh : May Allah preserve you
The questioner : I deal with the Islamic bank.
The Shaykh : May Allah preserve you
The questioner : May Allah preserve you, but I do not take, meaning I do not take profits, and I do not deal with them, for example, by having them buy goods for me or by buying through them.
The Shaykh : No, you do not profit, but you do profit.
The questioner : I profit.
The Shaykh : You profit them.
The questioner : Good, what I like is by way of, meaning I sell long-term checks.
The Shaykh : Ah.
The questioner : Three, four, and five months, meaning, I put these checks in the bank, and they do not benefit from them.
The Shaykh : How do they not benefit from them?
The questioner : They do not benefit from them, because their cashing is not in these days.
The Shaykh : Well, you do not put your money in the bank.
The questioner : My money is put in the bank.
The Shaykh : Yes, that is enough for you. Now, even if you do not take profit, because I drew your attention to it, but you were not with me, it seems.
The questioner : I was with you when you told me that you profit them.
The Shaykh : Yes, well, why did you not notice that this profit from you to them is not permissible?
The questioner : Ah, meaning they work with the money that I put in.
The Shaykh : Yes, may Allah bless you.
The questioner : And you, if Allah wills.
The Shaykh : Therefore, it is not permissible to withdraw the entire capital or to place it in a trust account. It is better if they take a fee from you for the trust account, for then this would be a lawful profit. But if you put the money in and they work with it, no, you would be benefiting them, and you would, God forbid, have realized the first part of the hadith, namely his saying (peace and blessings be upon him) Excuse me, you would have realized the second part of the hadith, namely his saying (peace and blessings be upon him) Al-Mustadrak lil-Hakim 15:4 So you do not consume riba, but you feed riba, so it is not permissible.
The questioner : Well, O Shaykh, where do we put the money?
The Shaykh : Ha, let me, I have a trust account with you, so I can tell you where to put the money, hehehe.
The questioner : Shaykh, I have another question.
The Shaykh : No, tomorrow, if Allah wills, and peace be upon you.
The questioner : And upon you be peace and mercy.
The questioner : Peace be upon you
The Shaykh : And upon you be peace and the mercy of Allah
The questioner : How are you, O Shaykh?
The Shaykh : Praise be to Allah, I am well
The questioner : May Allah keep you well, if Allah wills.
The Shaykh : May Allah preserve you
The questioner : May Allah keep you well, if Allah wills, O Lord.
The Shaykh : And may the same be for you.
The questioner : May Allah preserve you. How is your health? If Allah wills, it is fine.
The Shaykh : May Allah preserve you. Praise be to Allah.
The questioner : I have a small question.
The Shaykh : Say the takbir, say the takbir, and do not worry.
The questioner : May Allah give you life, O Shaykh.
The Shaykh : May Allah preserve you
The questioner : I deal with the Islamic bank.
The Shaykh : May Allah preserve you
The questioner : May Allah preserve you, but I do not take, meaning I do not take profits, and I do not deal with them, for example, by having them buy goods for me or by buying through them.
The Shaykh : No, you do not profit, but you do profit.
The questioner : I profit.
The Shaykh : You profit them.
The questioner : Good, what I like is by way of, meaning I sell long-term checks.
The Shaykh : Ah.
The questioner : Three, four, and five months, meaning, I put these checks in the bank, and they do not benefit from them.
The Shaykh : How do they not benefit from them?
The questioner : They do not benefit from them, because their cashing is not in these days.
The Shaykh : Well, you do not put your money in the bank.
The questioner : My money is put in the bank.
The Shaykh : Yes, that is enough for you. Now, even if you do not take profit, because I drew your attention to it, but you were not with me, it seems.
The questioner : I was with you when you told me that you profit them.
The Shaykh : Yes, well, why did you not notice that this profit from you to them is not permissible?
The questioner : Ah, meaning they work with the money that I put in.
The Shaykh : Yes, may Allah bless you.
The questioner : And you, if Allah wills.
The Shaykh : Therefore, it is not permissible to withdraw the entire capital or to place it in a trust account. It is better if they take a fee from you for the trust account, for then this would be a lawful profit. But if you put the money in and they work with it, no, you would be benefiting them, and you would, God forbid, have realized the first part of the hadith, namely his saying (peace and blessings be upon him)
May Allah curse the one who eats riba
لعن الله آكل الرباMay Allah curse the one who eats riba and the one who feeds it.
لعن الله آكل الربا وموكلهThe questioner : Well, O Shaykh, where do we put the money?
The Shaykh : Ha, let me, I have a trust account with you, so I can tell you where to put the money, hehehe.
The questioner : Shaykh, I have another question.
The Shaykh : No, tomorrow, if Allah wills, and peace be upon you.
The questioner : And upon you be peace and mercy.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.