Is it permissible to deposit in a bank that deducts ten riyals monthly if the deposited amount is less than five thousand?
Machine translationRead the Arabic original
The questioner : May Allah reward you, O Shaykh. Some banks, if you deposit an amount less than five thousand riyals, deduct ten riyals from that amount monthly. What is the ruling on depositing in this manner?
The Shaykh : I did not understand how?
The questioner : If you deposit in the bank!
The Shaykh : Do you mean you gave the bank ten thousand?
The questioner : No, less than five thousand, O Shaykh.
The Shaykh : Four thousand!
The questioner : Four thousand, for example, if a month passes and you withdraw the amount, it is short by ten!
The Shaykh : Why?
The questioner : They deduct it, saying: The balance must not be less than five thousand, in order to raise the balances of depositors.
The Shaykh : The ten thousand is compensation for what?
The questioner : Ten riyals, O Shaykh.
The Shaykh : Okay, ten riyals is compensation for what?
The questioner : I do not know, O Shaykh.
The Shaykh : No, we must know. I see that it was taken without right, because if the one who deposited with them benefited from it being safe, they also benefited from using it, because the reality of the matter is that he lends it to them, is it not? If it enters the bank's vault, the bank disposes of it as it wishes?
The questioner : Yes.
The Shaykh : So this is a loan, so how can they take interest on the loan?!
And it came in the hadith:Bulugh al-Maram 7:99, so the bank taking these ten is injustice and riba, and it is not permissible for them.
The questioner : So it is not permissible to deposit in this form, O Shaykh?
The Shaykh : In this form, no, because you would have facilitated riba,.
The questioner : Okay, Shaykh, the five thousand may decrease over time?
The Shaykh : Yes, it will decrease if you withdraw from it, it will decrease, there is no doubt. If it becomes that they take nothing?
The questioner : They do not take.
The Shaykh : They do not take?
The questioner : Five thousand or less, Shaykh.
The Shaykh : For five thousand or less, they do not take anything from it.
The questioner : Yes, but I do not think the balance will decrease over time, O Shaykh.
The Shaykh : Yes, it will decrease, but they are satisfied, the bank owner is satisfied, is that not so?
The questioner : Yes.
The Shaykh : It has ended.
The questioner : So it is permissible if it is more than five?
The Shaykh : The important thing is that it is permissible if they do not take anything from you, and it is not permissible if they take anything from you.
The questioner : May Allah reward you.
The Shaykh : Second: According to the opinion of permissibility, one should not deposit in the bank except out of need, because the bank will use it, so do not deposit with them except for a need.
The Shaykh : I did not understand how?
The questioner : If you deposit in the bank!
The Shaykh : Do you mean you gave the bank ten thousand?
The questioner : No, less than five thousand, O Shaykh.
The Shaykh : Four thousand!
The questioner : Four thousand, for example, if a month passes and you withdraw the amount, it is short by ten!
The Shaykh : Why?
The questioner : They deduct it, saying: The balance must not be less than five thousand, in order to raise the balances of depositors.
The Shaykh : The ten thousand is compensation for what?
The questioner : Ten riyals, O Shaykh.
The Shaykh : Okay, ten riyals is compensation for what?
The questioner : I do not know, O Shaykh.
The Shaykh : No, we must know. I see that it was taken without right, because if the one who deposited with them benefited from it being safe, they also benefited from using it, because the reality of the matter is that he lends it to them, is it not? If it enters the bank's vault, the bank disposes of it as it wishes?
The questioner : Yes.
The Shaykh : So this is a loan, so how can they take interest on the loan?!
And it came in the hadith:
Every loan, which leads to a benefit, is usury.
كل قرض جر منفعة فهو رباThe questioner : So it is not permissible to deposit in this form, O Shaykh?
The Shaykh : In this form, no, because you would have facilitated riba,
And the Messenger (peace and blessings be upon him and his family) cursed the one who eats riba and the one who facilitates riba
والرسول صلى الله عليه وعلى آله وسلم لعن آكل الربا وموكل الرباThe questioner : Okay, Shaykh, the five thousand may decrease over time?
The Shaykh : Yes, it will decrease if you withdraw from it, it will decrease, there is no doubt. If it becomes that they take nothing?
The questioner : They do not take.
The Shaykh : They do not take?
The questioner : Five thousand or less, Shaykh.
The Shaykh : For five thousand or less, they do not take anything from it.
The questioner : Yes, but I do not think the balance will decrease over time, O Shaykh.
The Shaykh : Yes, it will decrease, but they are satisfied, the bank owner is satisfied, is that not so?
The questioner : Yes.
The Shaykh : It has ended.
The questioner : So it is permissible if it is more than five?
The Shaykh : The important thing is that it is permissible if they do not take anything from you, and it is not permissible if they take anything from you.
The questioner : May Allah reward you.
The Shaykh : Second: According to the opinion of permissibility, one should not deposit in the bank except out of need, because the bank will use it, so do not deposit with them except for a need.