A man has a balance in the National Bank, and I told him to transfer it to Al-Rajhi Bank because it has no riba (usury or interest), or if it does, it is minimal. What is your opinion?
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The questioner : May Allah guide you and protect you. One of my colleagues had a balance in the National Bank, and I advised him to transfer this balance to Al-Rajhi Bank because it does not contain riba (usury or interest), or if it does contain riba, it is less and lighter than in the National Bank. He said: Ask for me.The Shaykh : Am I sinful for keeping this balance in the National Bank? That is the question. Please inform us, may Allah guide you.
The Shaykh : What we see is what you saw: that he should transfer it from the National Bank to Al-Rajhi Company, because, as you mentioned, that is closer to safety. Yes.
The Shaykh : What we see is what you saw: that he should transfer it from the National Bank to Al-Rajhi Company, because, as you mentioned, that is closer to safety. Yes.