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Ruling on Depositing Money in a Bank for Safekeeping

Banking,Conventional Banking,Ruling on Depositing Money in a Bank for Safekeeping

Fatwa No :
85100
| Date :
0000-00-00
جدید فقہی مسائل / بینکاری / مروجہ بینکاری

Ruling on Depositing Money in a Bank for Safekeeping

What is the ruling nowadays on keeping money in a bank for safekeeping, especially when there is no Islamic bank available? What should I do? Kindly reply as soon as possible.

الجوابُ حامِدا ًو مُصلیِّا ً

It is permissible to deposit one’s money in the current account of any bank for safekeeping, although it is better and preferable to avoid it as well.

And Allah knows best
Darulifta Jamia Binoria Aalamia

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