Maintaining an account in a bank that deals in interest
24 Aug 2011 10:39 GMT
I need to keep a bank account in order to receive my pay, write cheques, and make purchases online. There are no Islamic banks around. What can I do?

Answered by

Sheikh `Abd al-Wahhâb al-Turayrî, former professor at al-Imâm University in Riyadh

It is permissible for a Muslim to keep an account in a bank that deals with interest in case you need a bank account and cannot find an Islamic bank. However, you may not benefit from any interests accrued by that account.

If some interest is added to your account, you can dispose of it by spending it on public premises or for needy people. You must do so with the intention of ridding yourself of the unlawful money and not with the intention of charity.

Source: Islam Today

-- Al Arabiya Digital