Is it permissible to place a financial deposit in a bank for the purpose of renting a safe-deposit box to store valuable possessions, knowing that the bank stipulates this to guarantee its rights, and there is a fear of falling into usury?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the deposit is guaranteed in exchange for profit, then it is a forbidden usurious transaction, and it is not permissible to engage in it. The need to preserve wealth does not justify entering into a forbidden contract, if it is possible to deal with an Islamic bank or deposit the money with a trustworthy person.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/195931
- Source platform
- Ftawy
- Original fatwa ID
- 195931
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
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