Depositing money in interest-based banks

Reference: Fataawa wa Rasaa.il Shaykh ‘Abdur-Razzaaq ‘Afeefee p470 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.


Translation originally published on 9 June, 2007.

Graduate of the Islaamic University of Madeenah, having completed the Arabic Language programme at the Institute of Arabic Language before progressing to the Faculty of Sharee'ah, from which he graduated in 2004.

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