On the prohibition of conventional banking interest
Sh. Muhammad ibn ʿUthaymīn (d. 2001)
What this source says
The interest charged or paid by conventional banks is riba al-nasīʾa in its purest contemporary form. There is no scholarly opening to permit it for the buyer of a home or the holder of a savings account. The classical conditions for ḍarūra do not apply to the purchase of a residence when rented housing is available, even if rented housing is less desirable. The Sunnah does not require us to accept inconvenience as ḍarūra.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Provenance
- Source
- Documented from Fatāwā Ibn ʿUthaymīn (multi-volume) + recorded lectures on banking
- School / basis
- Ḥanbalī · Saudi Permanent Committee former member
- Added
- 2026-05-27
- Trust
- A position recorded from a named, published source — reported accurately, not independently adjudicated.
Compiler’s note
Anchor for the strict-prohibition institutional position. Useful as counterweight to ECFR/AMJA permissions in /institutional-fatawa + /why.
Topics
ribabankingclassical-prohibitionsaudi
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