Bank Account in Non-Islamic Bank: Permissible?
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Bank Account in Non-Islamic Bank: Permissible?

Questioner

Shahd

Reply Date

Sep 09, 2017

Question

As-salamu `alaykum. I am wondering about the Islamic ruling of opening a bank account. Must it be in an Islamic bank or not? What about any interest I receive in my account? Should I simply discard it or can I use it for personal use or should I spend it on more needy Muslims?

Mufti

Answer


About Prof. Dr. Monzer Kahf

Professor of Islamic Finance and Economics at Qatar Faculty of Islamic Studies

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