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The question

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?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

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

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Source platform
Ftawy
Original fatwa ID
195931
Imported
Translation status
Source text, unreviewed
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