Is it unlawful to participate in a voluntary savings scheme in a usurious bank, where the company contributes 150 EGP and the employee contributes 50 EGP monthly, and the amount cannot be withdrawn except after three years to ensure the employee's retention? Is it permissible to subscribe to it and then dispose of the usurious interest, given that not subscribing deprives the employee of the company's contribution?
Source: FtawySummarized from the full answer at Ftawy · reviewed Sep 2, 2026
It is not permissible to open an account in a usurious bank except out of necessity. Avoiding usurious dealings brings blessings and provision from Allah, as stated in the noble verses and prophetic hadiths.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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