Ruling on depositing in an interest-based bank out of necessity
Machine translationRead the Arabic original
Question:
Some of the brothers present ask, saying: I am an employee at the Khurj Electricity Company and I am forced to keep an account in one of the banks. However, my account is interest-free and is called a "permanent" account, and the bank takes a bank service fee of two and a half percent?
Answer:
If there is no riba (usury or interest), and necessity calls for the deposit, there is nothing wrong with it without riba.
But depositing with others is more cautious. The forbidden thing is riba.
Some of the brothers present ask, saying: I am an employee at the Khurj Electricity Company and I am forced to keep an account in one of the banks. However, my account is interest-free and is called a "permanent" account, and the bank takes a bank service fee of two and a half percent?
Answer:
If there is no riba (usury or interest), and necessity calls for the deposit, there is nothing wrong with it without riba.
But depositing with others is more cautious. The forbidden thing is riba.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.
