Are saving accounts in the UK permissible
Question
I wanted to ask that if opening a saving account in UK is permissible or not because I have heard, some scholars allow it.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
The permissibility of the use of conventional bank facilities is due to need and necessity.
It is advisable to open up a current account, which is interest free. [1]
If one is in need of opening up a saving account and receives interest, the interest amount should be disposed of by giving it in sadaqah to the poor and needy. [2]
And Allah Ta’āla Knows Best
Asim Patel
Student Darul Iftaa
Venda, South Africa
Checked and Approved by,
Mufti Ebrahim Desai.
www.daruliftaa.net
References (Arabic / Urdu sources)
[1] Fatāwā Uthmānī v:3 p:267 (Maktabah Ma’āriful Quran)
[2]
وَالسَّبِيلُ في الْمَعَاصِي رَدُّهَا وَذَلِكَ هَاهُنَا بِرَدِّ الْمَأْخُوذِ إنْ تَمَكَّنَ من رَدِّهِ بِأَنْ عَرَفَ صَاحِبَهُ وَبِالتَّصَدُّقِ بِهِ إنْ لم يَعْرِفْهُ لِيَصِلَ إلَيْهِ نَفْعُ مَالِهِ إنْ كان لَا يَصِلُ إلَيْهِ عَيْنُ مَالِهِ الفتاوى الهندية -ط. دار الفكر (349/5) دار الفكر
Kitādul Fatāwā v: 5 p:307 (zam zam publishers)
- Answered by
- Asim Patel
- Checked & approved by
- Mufti Ebrahim Desai
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