Is it permissible to open an account in an interest-based bank in order to receive salaries?
Machine translationRead the Arabic original
The questioner : Oh Shaykh
The Shaykh : Yes
The questioner : Shaykh, we are a group of teachers who receive our salaries from the Bank of Cairo.
The Shaykh : Yes.
The questioner : So, is it permissible for me to open an account with them so that I can receive my salary faster and use the card?
The Shaykh : If there is a need for this, there is no harm. If there is a need for it, there is no harm. But if there is no need, there is no need to open an account. For example, if they give you the check at the Bank of Cairo and you go to the bank and say, "This check," will they give you the money or not?
The questioner : They give me the money.
The Shaykh : Then why do you open an account?
The questioner : It is faster. For example, our salary does not come until the twenty-seventh or twenty-eighth, but if I open an account, I receive it on the twenty-sixth, and sometimes on the twenty-seventh, before the other teachers. So I withdraw from them and take the balance before others.
The Shaykh : Okay, is there a need?
The questioner : No, if I know that they deal in interest, and this means it is safer and faster than...
The Shaykh : The important thing is, I give you the rule: If you need to open an account in an interest-based bank, there is no harm. If you do not need it, do not do it.
The Shaykh : Yes
The questioner : Shaykh, we are a group of teachers who receive our salaries from the Bank of Cairo.
The Shaykh : Yes.
The questioner : So, is it permissible for me to open an account with them so that I can receive my salary faster and use the card?
The Shaykh : If there is a need for this, there is no harm. If there is a need for it, there is no harm. But if there is no need, there is no need to open an account. For example, if they give you the check at the Bank of Cairo and you go to the bank and say, "This check," will they give you the money or not?
The questioner : They give me the money.
The Shaykh : Then why do you open an account?
The questioner : It is faster. For example, our salary does not come until the twenty-seventh or twenty-eighth, but if I open an account, I receive it on the twenty-sixth, and sometimes on the twenty-seventh, before the other teachers. So I withdraw from them and take the balance before others.
The Shaykh : Okay, is there a need?
The questioner : No, if I know that they deal in interest, and this means it is safer and faster than...
The Shaykh : The important thing is, I give you the rule: If you need to open an account in an interest-based bank, there is no harm. If you do not need it, do not do it.