Q: I am an Egyptian surgeon. I have worked in
the Kingdom of Saudi Arabia for about seven years.
Since I traveled abroad, I have opened a savings account in an Egyptian bank with an interest rate. I know nothing in this life except my career. Nowadays, as most, if not all, people have proved to be dishonest, I refuse to conduct business with a merchant or a farmer. Some people borrow money from this bank, others take out loans to invest them in construction, commercial and agricultural projects and others borrow US dollars. People rarely borrow foreign currencies from banks as they charge higher interest rates. I know that the bank has many projects that bring immense profit rates. As I fear Allah, I seek to provide for my children through lawful earnings. I want you to guide me towards the right procedure. Do I have to dispense with the bank's percentage of earnings gained from investment projects. I intend to go back to Egypt. If I depend on that money (Part No. 12; Page No. 80) it will be spent within two or three years.
You are wrong not to know anything other than your medical area of expertise. You should acquire necessary religious knowledge which, if properly acted upon, will be of more and perpetual benefit to you. The ultimate purpose of your creation is to serve and worship Allah (Exalted be He) Alone and to obey His Messenger (peace be upon him).
Honest merchants, farmers and manufacturers exist everywhere though in small numbers. You will find these types of honest people after serious search. You should not hold evil thoughts about all people.
You are prohibited to
deposit your money in banks that deal in usury even if they conduct some interest-free businesses. However, if there is no other means available and the fear of loss of money is expected, you may put it in interest-based banks provided that you receive no interest. You should seek lawful means of earning your livelihood while putting your trust in Allah and being constantly mindful of Him that perhaps He facilitates your affairs. Allah (Exalted be He) says,
And whosoever fears Allâh and keeps his duty to Him, He will make a way for him to get out (from every difficulty).
And He will provide him from (sources) he never could imagine. And whosoever puts his trust in Allâh, then He will suffice him. Verily, Allâh will accomplish his purpose. Indeed Allâh has set a measure for all things.
(Part No. 12; Page No. 81) May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.