What is the ruling regarding the profits (interest) from interest-based banks?
Tag: interest
Depositing money in a bank for safe keeping
Is it permissible for whoever has a lump sum of money to put it in a bank with the intention for safe keeping, and whenever the zakaah is obligatory upon that sum of money he extracts the required amount and gives the zakaah? Please advise us, and may Allaah reward you with good.
Circumstances compel him to work for a bank which deals with ribaa
What is the ruling regarding someone whose circumstances compel him to work in a bank or [any] local money exchanges in the Kingdom [of Saudi Arabia]…
Depositing money in a bank which does not deal with ribaa
So is there any sin upon us in leaving this money in the bank, knowing that we extract the zakaah which is due upon it?
Transferring money via banks which deal with ribaa and using the ribaa for good causes
Is it permissible to take ribaa from these banks and donate it in charity to the poor and build charitable homes, etc., instead of leaving it with them?