Mufti Online — Madrasah Ta'leemuddeen

Opening a bank account

· 1 Jumada II 1440 AH1 min readEnglish

Question

In India we have all transactions through our bank accounts. Is it against taqwa to deposit money in the bank? I never use interest but distribute it to the poor.

Answer

Where there is a genuine need the ulama have allowed it. However you should ensure that you guard yourself against interest and things that are of a doubtful nature.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/28497
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-28497

Same question, other Darul Iftas

The closest match from each Darul Ifta, found by wording. Check that the question matches yours.

Compare the answers side by side

Related fatawa