I opened an account in an Islamic bank in Egypt and stipulated that my money be kept safe, but after a while I was surprised to find the bank informing me that it had added two hundred dollars to my account.
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The questioner : May Allah reward you. The questioner says: I opened an account in an Islamic bank in Egypt and stipulated that my money be kept safe only, but after a while I was surprised to find the bank informing me that it had added two hundred dollars to my account. What is the ruling of the Shari'ah regarding this amount? Is it forbidden riba? It is known that some people told me it is lawful because it is the result of the bank's investment?
The Shaykh : Yes, Islamic banks, according to this description that they are Islamic, require that all their transactions be based on validity. If you deposit money with them and then after a period of time they give you more than what you deposited, the original ruling in that is that it is lawful, because they are Islamic banks, and the implication of this name is that they act according to what the Shari'ah requires. So this excess over your money is lawful because it is lawful profit. However, if they say that this increase is the result of depositing our money in other banks and that they gave us this increase, then this increase is riba, and it is not permissible for a person to take riba, due to the saying of Allah, Blessed and Exalted is He:[Al-Baqarah 2:278-279].
The questioner : May Allah reward you with the best reward.
The Shaykh : Yes, Islamic banks, according to this description that they are Islamic, require that all their transactions be based on validity. If you deposit money with them and then after a period of time they give you more than what you deposited, the original ruling in that is that it is lawful, because they are Islamic banks, and the implication of this name is that they act according to what the Shari'ah requires. So this excess over your money is lawful because it is lawful profit. However, if they say that this increase is the result of depositing our money in other banks and that they gave us this increase, then this increase is riba, and it is not permissible for a person to take riba, due to the saying of Allah, Blessed and Exalted is He:
(278) O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers. (279) And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged.
يا أيها الذين آمنوا اتقوا الله وذروا ما بقي من الربا إن كنتم مؤمنين فإن لم تفعلوا فأذنوا بحرب من الله ورسوله وإن تبتم فلكم رؤوس أموالكم لا تظلمون ولا تظلمونThe questioner : May Allah reward you with the best reward.