Can we put money in the bank?
Question
Dear Respected Mufti Saheb, Is it permissible to put money in the Bank. Also if we have a choice of an intrest or non-intrest account what should we do? Please Give Details. Jazakallah Khair.
Answer
One may deposit money in a bank account for safeguarding on condition that one does not use any of the interest earned. The interest money should be given to the poor and needy without the intention of gaining any reward in the hereafter.
And Allah Ta'ala Knows Best.
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/1833
Fatawa SA: https://fatawa.co.za/fatwa/askimam-1833
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