Question

Non-Muslims opening accounts in Islamic banks

394

Question

Can a non-Muslim opens a bank account in an Islamic bank?

Related Fatwa

Taking Personal Loan from Islamic Banks in Qatar

Obligation to pay accumulated bank fees

Bank is entitled to refuse investments of those whose income is doubtful

An Islamic bank offering a fixed profit rate

Dealing with a bank whose shareholders' money is not lawful

Islamic finance companies asking for securities from their clients

Cooperation for establishing Islamic banks

Accepted Answer

All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad is His slave and Messenger. We ask Allaah to exalt his mention as well as that of his family and all his companions.

Islamicly, there is no harm in this as far as we know. On the contrary, if a non-Muslim opens a bank account in an Islamic bank, this is better than opening an account in banks which deal with interest and usury. If one does so, he is reducing the number of people who are contributing to sin and enmity.

On this occasion, we refer the questioner to the following Fataawa (plural of Fatwa): 81979, 81396, 83990, 88187, 88276 and 88906.

Allaah Knows best.

Fatwa

Non-Muslims opening accounts in Islamic banks

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Answer

Related Fatwa

Taking Personal Loan from Islamic Banks in Qatar

Obligation to pay accumulated bank fees

Bank is entitled to refuse investments of those whose income is doubtful

An Islamic bank offering a fixed profit rate

Dealing with a bank whose shareholders' money is not lawful

Islamic finance companies asking for securities from their clients

Cooperation for establishing Islamic banks

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