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What Is the Ruling on Keeping Money in a Bank Without Receiving Interest?—Shaykh Abdul-Rahim Reasat

[July 14, 2025] [Shaykh Abdul-Rahim Reasat]/in Hanafi Fiqh, Transactions (Hanafi)

Hanafi Fiqh

Answered by Shaykh Abdul-Rahim Reasat

Question

What is the ruling on keeping money in a bank without receiving interest?

Answer

In this video answer, Shaykh Abdul-Rahim Reasat explains the ruling on placing money in a bank account that does not accrue interest.

Shaykh Abdul-Rahim Reasat pursued Arabic Grammar and Morphology alongside his English and History degree. Post-graduation, he deepened his studies in Damascus, learning Arabic, Hanafi Fiqh, Theology, and more under notable scholars like Shaykh Adnan Darwish and Shaykh Rashad Shams. He continued in Amman, expanding into Tafsir, Hadith, Prophetic Biography, and other Islamic sciences, guided by teachers such as Shaykh Ali Hani and Dr. Hamza al-Bakri.

Tags: banking, compliance, deposit, ethics, finance, financial ethics, halal, halal savings, interest, lawful banking, money, non-interest account, permissible deposit, savings, security
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https://seekersguidance.org/wp-content/uploads/2025/07/shutterstock_574713295.jpg 717 1000 Basit Manzoor https://seekersguidance.org/wp-content/uploads/2024/11/SG_Logo_v23.svg Basit Manzoor2025-07-14 14:42:152025-07-14 14:56:22What Is the Ruling on Keeping Money in a Bank Without Receiving Interest?—Shaykh Abdul-Rahim Reasat

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