The ruling on depositing money in interest-based banks without taking the interest
Machine translationRead the Arabic original
Question:
What is the ruling on depositing money without taking interest on it, as a trust or in a current account in the banks that exist today, knowing that they deal in riba (usury or interest) and give interest?
Answer:
It is not permissible to give them money to keep in their custody, because they deal in riba (usury or interest), and this is assisting them in riba (usury or interest). However, some scholars say: if it is out of dire necessity, and he has no place to keep his money, and he finds no one to keep his money except through these banks, then it may be permissible for him out of dire necessity, without interest. But if he strives, if Allah wills, he will find a place for his money, and he will not give it to these banks that use it to assist in riba (usury or interest) and evil. As for the interest, no.
What is the ruling on depositing money without taking interest on it, as a trust or in a current account in the banks that exist today, knowing that they deal in riba (usury or interest) and give interest?
Answer:
It is not permissible to give them money to keep in their custody, because they deal in riba (usury or interest), and this is assisting them in riba (usury or interest). However, some scholars say: if it is out of dire necessity, and he has no place to keep his money, and he finds no one to keep his money except through these banks, then it may be permissible for him out of dire necessity, without interest. But if he strives, if Allah wills, he will find a place for his money, and he will not give it to these banks that use it to assist in riba (usury or interest) and evil. As for the interest, no.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.
