Is it permissible to deal with the Islamic bank?
Machine translationRead the Arabic original
The questioner : Hello.
The Shaykh: Yes.
The questioner: Peace be upon you.
The Shaykh : And upon you be peace and the mercy of Allah.
The questioner : How are you, Shaykh?
The Shaykh: Yes.
The questioner : May Allah reward you.
The Shaykh : May Allah keep you safe.
The questioner : Of course, we ask a few questions.
The Shaykh: Go ahead.
The questioner : What is the status of the Islamic bank?
The Shaykh : There is no difference between the Islamic bank and the British bank.
The questioner: Yes.
The Shaykh : They all deal in riba (usury or interest).
The questioner : Yes, so avoiding it is better.
The Shaykh: Yes.
The questioner : Well, for example, how are commercial transactions conducted?
The Shaykh : I do not know how they are conducted. The important thing is that riba (usury or interest) is not permissible, and commercial transactions do not justify riba (usury or interest).
The questioner: Yes.
The Shaykh :[Al-Baqarah 2:275] .
The questioner: Yes.
The Shaykh : Trade must be conducted through lawful means.
The questioner: Yes.
The Shaykh : And that is all.
The Shaykh: Yes.
The questioner: Peace be upon you.
The Shaykh : And upon you be peace and the mercy of Allah.
The questioner : How are you, Shaykh?
The Shaykh: Yes.
The questioner : May Allah reward you.
The Shaykh : May Allah keep you safe.
The questioner : Of course, we ask a few questions.
The Shaykh: Go ahead.
The questioner : What is the status of the Islamic bank?
The Shaykh : There is no difference between the Islamic bank and the British bank.
The questioner: Yes.
The Shaykh : They all deal in riba (usury or interest).
The questioner : Yes, so avoiding it is better.
The Shaykh: Yes.
The questioner : Well, for example, how are commercial transactions conducted?
The Shaykh : I do not know how they are conducted. The important thing is that riba (usury or interest) is not permissible, and commercial transactions do not justify riba (usury or interest).
The questioner: Yes.
The Shaykh :
But Allah has permitted trade and has forbidden interest
وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَاThe questioner: Yes.
The Shaykh : Trade must be conducted through lawful means.
The questioner: Yes.
The Shaykh : And that is all.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.