بسم الله الرحمن الرحيم
We begin with Allah’s blessed name, we praise him and we glorify him, seek his forgiveness and ask him to guide us. Whoever Allah guides, None can lead astray and whoever he misguides, None can guide. There is no power and no strength except from Allah, The most high, the Most great, the most powerful. We bear witness that there is no one worthy of worship but Allah Alone, and we bear witness that Prophet Muhammad (pbuh) is His slave-servant and the seal of His Messengers. We pray for peace and blessings on all the noble messengers and in particular on the last of them all “the blessed prophet Mohammad (pbuh)”
Dear brother, simply by keeping money in a bank doesn't make that money haram, but the interest that the money generates in a bank is absolutely and clearly haram in islam.
If we look at the saving and the checking account of a conventional bank, we come to know that these accounts generate interest on the money deposited in them.
Allah says in the glorious Quran: O Believers! Fear Allah and give up that ‘riba’ which is still due to you, if you are true believers. But if you do not do so, then you are warned of the declaration of war against you by Allah and His Messenger! Quran [2:278]
Dear brother, If the bank works on the principles of islam, then there is no harm in taking the profit that the money earns. But it is absolutely prohibited to take interest. And Allah alone knows the best.
I ask Allah to make this a sincere effort, seeking his pleasure, and I ask him to grant us refuge in him from the evils within ourselves, and that in our deeds. I ask him to grant us success in achieving whatever pleases him; And May Allah Shower His blessings and mercy upon our beloved Prophet Muhammad (pbuh), his family and his Companions and on all those who follow him until the final hour.Ask Your Question