Is it permissible to take profits from an amount deposited in a bank savings account?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no harm in benefiting from the profits of a savings account if the bank adheres to the rulings of Islamic Sharia. However, if it does not, then the account must be closed and its profits spent on public welfare for Muslims and those in need.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/138072
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- Ftawy
- Original fatwa ID
- 138072
- Imported
- Translation status
- Source text, unreviewed
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