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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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The Ruling on the Necessity of Depositing Money in an Interest-Based Bank

Machine translationRead the Arabic original
Question:
She says: When they want to travel there (to the countryside), they deposit their money in the banks and give them a "card" that involves a type of riba (usury or interest). They have no choice but to do this. What should they do in such a situation?

Answer:
No, they should deposit it without riba (usury or interest). They should take the document without the riba (usury or interest), leave it with them as a trust, and transfer funds to it using the usual transfers between them.
Q: According to her question, do they have to give them this card that contains riba (usury or interest)?
The Shaykh: It is possible for the value of the card. He says: Pay the value of this card. This is the value of the document, like the hawalah (transfer) where you transfer to Zayd or 'Amr; you give them the value of the transfer for their effort. As for the value of the suftajah (bill of exchange) in their records, that is different. However, riba (usury or interest) on the money itself is not permissible.
Q: If he is compelled to do so, does he do it or not?
The Shaykh: This is for the document, the value of the document. He gives them the value of the document by which he transfers, like the document of the suftajah (bill of exchange), the hawalah (transfer).
Source binbaz.org.sa

The Arabic text is copied verbatim from the original source, without any edits.

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