Banking: Taking Interest from Banks in Non-Islamic Countries

Practical Laws of Islam as per the teachings of Imam Khamenei

Banking: Taking Interest from Banks in Non-Islamic Countries

English:

Question #1902:

Is it permissible to receive the interest paid on money deposited with the banks of non-Islamic countries, irrespective of whether the owners were among the People of the Book or polytheist? Is it permissible to have the right of disposal over such money, regardless of whether or not the depositor made it conditional that he be paid the interest?

Answer #1902:

In the given case, it is permissible to take interest, even if it was with the condition of taking such interest.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Banking