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Is It Forbidden To Have A Bank Account In A Bank

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Hi all!

I heard that it is haram to have a bank account in a unislamic bank that practices rate interests!

Is it true?

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PropellerAds

Hey,

 

This is not completely true. It is true that interest is haram. However, having a bank account in an non-Islamic bank is allowed, as long as the person donates all the interest they receive to charity or asks the bank to withdraw from adding interest to their savings.

 

Salaams.

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:D / Peace to all,

 

Insya'Allaah, the quote below shall shed some light over this matter. Please click on the link for the full article...

 

It is not permissible to put money in a bank that deals in riba (usury or interest), and the Muslim should not do that unless he is forced to, in which case the following three conditions apply:

 

1 – He should have the need to do that, meaning that there is no safe place to keep his money except this bank. If he can find another place where he can keep his money apart from this riba-based bank, then it is not permissible for him to deposit his money in this bank which deals with riba.

 

2 – The bank should not deal one hundred percent with riba; if the bank’s dealings are one hundred percent with riba then it is not permissible to deposit his money with them at all, if you deposit money in the bank then in this case you can be certain that you have helped the bank engage in riba, and it is not permissible to help anyone with riba.

 

3 – The depositor should not take any profit, because if he takes any profit that will be riba, and riba is haraam according to the Qur’an and Sunnah and the consensus of the Muslims.

 

(www.)"you can't post links until you reach 50 posts_63.175.194.25/index.php?ln=eng&ds=qa&lv=browse&QR=22392&dgn=4"]Depositing money in a riba-based bank [/url]

 

Allaahu 'alaam

 

Sis Zabrina

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