Ordinary bank account halal?

Everyday Islamic Finance Personal and Family Finance
#1

As Salamu alaykum urahmatuLlahe ua barakatuhu,

we in germany have an islamic bank called KT Bank. But the problem is that they only have 5 bank branches in the whole country. So if you want to deposit money into your account it becomes difficult. And if you want to withdraw money you can do that for free in some supermarkets but maximum 200€ and after purchasing goods for at least 10€. My question is, is it really haram to have an ordinary bank account, where I can avoid paying interest? Or am I forced to open an account at KT Bank, because they do not use my money for haram purposes?

Thank you very much and barak Allahu feek!

danial

#2

Wasalam

May Allah bless you.
Yes its permissible to have an ordinary current account with a bank. However, it is important to support Islamic banks when ever its possible, to support their growth.

And Allah knows best!