Permissibility of Bank Account


As Salaatu was Salaamu alaa Muhammadin Khair il-Wara
As-Salaamu alaikum

Dear Brethren

Can one have a bank account? Bearing in mind banks may use monies they have deposited with to fund harmful business activities e.g. pubs and clubs?

Maddad Ya Awliya Allah
Wa Salaam


wa `alaykum salam,

Conscientious Muslims opt for a checking account instead of an interest-bearing account. This is also the reason why Islamic organizations and Masjids meet their banking needs through checking accounts. Certainly the bank is benefiting from your money but this is a compromise.

Imam Senad Agic
The Islamic Cultural Center of Greater Chicago

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