Is It Permissible to Open a Bank Checking Account?

18 August, 2019
Q As-salamu `alaykum. I’m obliged to open a checking bank account so that the company where I work can transfer my salary to it. Also, my pension from an earlier official work, from which I had retired, is transferred to this account. Really I’m not comfortable with this. Could you kindly enlighten me if it is OK to continue dealing with this account according to Islam’s rulings?


Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh.

In the Name of Allah, Most Gracious, Most Merciful.

All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.

In this fatwa:

It is allowed to open a normal bank account as long as you don’t get interest.

In his response to your question, Prof. Dr. Monzer Kahf, Professor of Islamic Finance and Economics at Qatar Faculty of Islamic Studies, states:

Opening a checking account that does not generate interest is permissible because you do not earn or give any interest. It has become a necessity in our times as you notice in your case. We all deal with conventional banks and we make our best to avoid interest.

However, if there is an Islamic bank in your area, it is much better to deal with it because even when you have only a checking account, the bank may use your money anyway.

Allah Almighty knows best.

Editor’s note: This fatwa is from Ask the Scholar’s archive and was originally published at an earlier date.

About Prof. Dr. Monzer Kahf
Dr. Monzer Kahf is a professor and consultant/trainer on Islamic banking, finance, Zakah, Awqaf, Islamic Inheritance, Islamic estate planning, Islamic family law, and other aspects of Islamic economics, finance, Islamic transactions (Mu'amalat). Dr. Monzer Kahf is currently Professor of Islamic Finance & Economics at the Faculty of Economics and Management, Istanbul Sabahattin Zaim University, Turkey