What is the ruling on opening a bank?
Machine translationRead the Arabic original
The Shaykh : Yes.
The questioner : ... .
The Shaykh : The same topic, please go ahead.
The questioner : So, does this mean I am allowed to open a currency exchange shop based on this principle?
The Shaykh : But do you think you will succeed? Before I say it is permissible or not permissible, you are like a barber who, if he announced that he does not shave beards, would not survive in this profession.
The questioner : I mean—
The Shaykh : Yes.
The questioner : What I mean is that I open a shop for those who want to, for example, someone who goes for 'Umrah and wants to exchange money. Should he exchange it at the bank or at the shop? It is better to exchange it at the shop and not at the bank.
The Shaykh : My brother, I have already given you the answer.
The questioner : Yes.
The Shaykh : Did you understand from me that it is not permissible? It is permissible, but if you open the shop under this condition, how many people will come to exchange money with you? Yes.
The questioner : So, in fact, I asked you two questions in order to inquire from you about their answers.
The Shaykh : Please go ahead.
The questioner : ... .
The Shaykh : The same topic, please go ahead.
The questioner : So, does this mean I am allowed to open a currency exchange shop based on this principle?
The Shaykh : But do you think you will succeed? Before I say it is permissible or not permissible, you are like a barber who, if he announced that he does not shave beards, would not survive in this profession.
The questioner : I mean—
The Shaykh : Yes.
The questioner : What I mean is that I open a shop for those who want to, for example, someone who goes for 'Umrah and wants to exchange money. Should he exchange it at the bank or at the shop? It is better to exchange it at the shop and not at the bank.
The Shaykh : My brother, I have already given you the answer.
The questioner : Yes.
The Shaykh : Did you understand from me that it is not permissible? It is permissible, but if you open the shop under this condition, how many people will come to exchange money with you? Yes.
The questioner : So, in fact, I asked you two questions in order to inquire from you about their answers.
The Shaykh : Please go ahead.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.