Depositing money in interest-based banks

Reference: Fataawa wa Rasaa.il Shaykh ‘Abdur-Razzaaq ‘Afeefee – Page 470, Fatwa No.4

Question: What is the ruling regarding the profits (interest) from interest-based banks?

Response: If he deposits money in an interest-based bank, then he should take his total deposit, and donate the profits (interest) to charitable causes.

Abu 'Abdullaah

About Abu 'Abdullaah

– from London, UK. He is a graduate of the Islaamic University of Madeenah, having graduated from the Institute of Arabic Language, and later the Faculty of Sharee’ah in 2004.