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29 / 06 / 2026
The Deposit in the Islamic Bank
My father-in-law deposited 25,000 dinars in the Islamic bank several years ago for his young daughter, and he receives 500 dinars annually from it. Now, my father-in-law has been deceased for 9 years, and the bank is still giving the girl 500 dinars annually. What is the ruling on this interest?
Answer
I say, and with God's success: It is permissible to deposit money in Islamic banks, and it is lawful to take profits from that, and God knows best.
