Also asked as: “Can Muslims have a bank account?” · “Is it haram to keep money in a bank?”
Need and interest
A current account that pays no interest is widely accepted. If an account pays interest, many scholars advise giving it to charity without expecting reward. See savings account interest and working in a bank.
A bank account without interest
A current account is a place to receive wages and pay bills. Most UK current accounts pay no interest, or very little, on balances.
Islamic banks in the UK offer current accounts. If your account pays interest, scholars advise giving the interest to charity and not keeping it.
Written and checked by
Hafiz Nasir Mehmood
Quran HafizIslamic researcher
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