SALAFI-DAWAH.COM
  • Tawheed
    • Tawheed of Lordship
    • Tawheed of Worship
    • Tawheed of His Glorious Names and Attributes
  • 'Aqeedah
    • The Importance of 'Aqeedah
    • The Six Pillars of Imaan
    • Belief, speech and actions
    • The Nullifiers of Islam
    • Deviated Sects
    • Takfir and the Excuse for Ignorance
    • Al-Wala' wal-Bara'
    • The Sunnah
    • The Sahaaba
    • Jihad
    • Hijrah
    • Magic and Jinns
    • Religions and Philosophies
  • Manhaj
    • The Importance of Manhaj
    • Ahlus-Sunnah wal-Jama'ah
    • Da'wah and Advice
    • Innovations
    • Splitting and Partisanship
    • Refutations
    • Terrorism and Extremism
    • Politics
  • Tazkiyah
    • The Importance of Good Manners
    • The Heart
    • Repentance
    • Forgiveness
    • Brotherhood
    • Backbiting
  • Fiqh
    • At-Tahaara (Purification)
    • As-Salaah (Prayer)
    • Az-Zakaat (Alms)
    • As-Siyaam (Fasting)
    • Ramadan
    • Al-Hajj and Al-'Umrah
    • Sacred Months
    • Parents and Family
    • Marriage and Divorce
    • Raising Children
    • Brothers
    • Sisters
    • Food and Drink
    • Miscellaneous
    • New Muslims
  • Qur'an
    • Recitations
    • Translation of the Meanings
    • Explanations
    • Fataawa and Guidelines
  • Ahadeeth
    • Explanation
    • Resources
    • The 40 Hadeeth of Imam an-Nawawi
  • Biographies
    • The Final Messenger of Allah
    • The Prophets and Messengers
    • The Sahaaba
    • The Taabi'een
    • Atbaa'ut-Taabi'een
    • Salaf 200-700 AH
    • Salaf 700-1200 AH
    • Salaf 1200 AH - present
  • Knowledge
    • The Importance of Knowledge
    • The Arabic Language
    • Books
    • The Four Mathhabs
    • Status of the Scholars
    • In Defense of the Scholars
    • The Student of Knowledge
  • Blog
  • Youtube

The ruling regarding charitable organizations opening bank accounts

Question:

"The question of opening several accounts for a charitable fund in the local banks has been thoroughly discussed with the aim of making it easier to receive aid and a means of zakah (obligatory charity) and Sadaqah (voluntary charity) and the like. Through these accounts it will be easier to contribute into the fund on the part of individuals, banks, and companies according to the proximity of each bank account to the different donors. We would like to present the issue to your Honor that you may guide us to what is best. May Allah protect and preserve you!"

Answer:

"It is permissible for Al-Bir society and other charitable organizations to open bank accounts, if its purpose is as mentioned because this would facilitate making contributions for donors, but it is not permissible to open the account for making any forbidden type of investment and taking Riba (usury)-based interest on deposits. This is according the Hadith that reads: “The Messenger of Allah (peace be upon him) cursed the devourer (taker) of Riba (usury/interest), its payer, its two witnesses, and its scribe.”
 
May Allah grant us success! May peace and blessings be upon our Prophet Muhammad, his family, and Companions!

Permanent Committee for Scholarly Research and Ifta'
Shaykh 'Abdul-'Azeez ibn Baz
Shaykh 'Abdul-'Azeez Aal ash-Shaykh
Shaykh 'Abdullah Ghudayyan
Shaykh Saalih al-Fawzan
Shaykh Bakr Abu Zayd


Source: www.alifta.net - Fatwa no. 17200.
About | Blog | Contact
  Copyright disclaimer
  • Tawheed
    • Tawheed of Lordship
    • Tawheed of Worship
    • Tawheed of His Glorious Names and Attributes
  • 'Aqeedah
    • The Importance of 'Aqeedah
    • The Six Pillars of Imaan
    • Belief, speech and actions
    • The Nullifiers of Islam
    • Deviated Sects
    • Takfir and the Excuse for Ignorance
    • Al-Wala' wal-Bara'
    • The Sunnah
    • The Sahaaba
    • Jihad
    • Hijrah
    • Magic and Jinns
    • Religions and Philosophies
  • Manhaj
    • The Importance of Manhaj
    • Ahlus-Sunnah wal-Jama'ah
    • Da'wah and Advice
    • Innovations
    • Splitting and Partisanship
    • Refutations
    • Terrorism and Extremism
    • Politics
  • Tazkiyah
    • The Importance of Good Manners
    • The Heart
    • Repentance
    • Forgiveness
    • Brotherhood
    • Backbiting
  • Fiqh
    • At-Tahaara (Purification)
    • As-Salaah (Prayer)
    • Az-Zakaat (Alms)
    • As-Siyaam (Fasting)
    • Ramadan
    • Al-Hajj and Al-'Umrah
    • Sacred Months
    • Parents and Family
    • Marriage and Divorce
    • Raising Children
    • Brothers
    • Sisters
    • Food and Drink
    • Miscellaneous
    • New Muslims
  • Qur'an
    • Recitations
    • Translation of the Meanings
    • Explanations
    • Fataawa and Guidelines
  • Ahadeeth
    • Explanation
    • Resources
    • The 40 Hadeeth of Imam an-Nawawi
  • Biographies
    • The Final Messenger of Allah
    • The Prophets and Messengers
    • The Sahaaba
    • The Taabi'een
    • Atbaa'ut-Taabi'een
    • Salaf 200-700 AH
    • Salaf 700-1200 AH
    • Salaf 1200 AH - present
  • Knowledge
    • The Importance of Knowledge
    • The Arabic Language
    • Books
    • The Four Mathhabs
    • Status of the Scholars
    • In Defense of the Scholars
    • The Student of Knowledge
  • Blog
  • Youtube