How to manage your bank account without Riba {usury}

Publié le par Asma Consulting

How to manage your bank account without Riba {usury}

Although the majority of scholars advises that we must withdraw our money out of usurious banks (something we will try to implement later insha'Allah), let’s start by cleaning up our bank accounts of all Riba.

But above all, what is the Riba ?


This concept is delicate to explain and it requires a great job of analysis and a careful study of religious science in this area. Let’s try to simplify it for you.

According to the Sheikh Uthaymeen’s definition * : the term "Riba" means adding something else -ziyâda- or delaying maturity of perception [of property] -ta'khîr-.

Sheikh Salih Fawzan describes in his book ** 2 types of Riba.


Riba related delay : Riba an-Nasi'ah which is divided in 2 types


The increase in the debt of the insolvent person. This is the origin of Riba practiced at the time of Jahiliyyah (pre-Islamic period of ignorance). When a person take out a loan with a third and when the payment period would end, the creditor gave the debtor the option to either pay his debt or postpone for an interest later on the amount borrowed.

So if the debtor chooses not to pay its debt, then the creditor postpones the maturity for interest, which involved increasing the debt. That is why Allah has forbidden in His book this type of transaction, saying:

"And if someone is in hardship, then [let there be] postponement until [a time of] ease.”

{Qur'an, Surah 2 verse 280). This clearly means that it is not possible to increase the debt to the creditor.

The specific case today is home loans, consumer credits as well as bank overdrafts, which are short-term loans plus interest rate, but we will detail that later. This is also indirectly the case of bank books because we will see thereafter that the interest perceived is directly related to the credit that is either gave to individuals or companies. That is why it is forbidden to have bank books in which you earn interest.

The exchange of two properties of the same type, by pushing the delivery date for all or only one of the properties in question. 6 categories are concerned. These are those which are prohibited in the setting of Riba related to the amount that we will see below.


Riba related to the amount, called in Arabic "Riba al-Fadl"


This type of Riba refers to the sale of an object for another of the same type, but in different quantities. The Absolute Ruler has prohibited this kind of transactions for six types of goods: gold, silver, wheat, barley, dates and salt.

So if one of the goods is exchanged for another of the same type, it is forbidden to do so in different amounts (by weight or measure).

We could detail more because there are entire books that explain the field of Riba but once the bases established and the term understood, we can set up something solid on our scale, the one of an ordinary person.


Why get rid of Riba ?


You should know that if Allah warns us against this practice and promises a great punishment if we do not abandon it, it is sure that there is a wisdom behind it. Indeed, several verses evoke that sin, here is the most familiar:

"Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity.”
{Qu'ran, Sura 2, verse 275). Sheikh Fawzan clearly explains that this means that we will stand as an epileptic ***

Another clear and explicit verse: "Allah destroys interest…” Allah removes the blessing of money related to interest earned with Riba. There will be no good in this.

Next part of the verse : "Allah destroys interest and gives increase for charities. And Allah does not like every sinning disbeliever." (Sura 2, verse 276). The usurer loses the love of Allah and he is considered as a miscreant. Sheikh Fawzan gives two explanations of the term "disbelief" as used in in the surat: it can mean the one who is extremely ungrateful to Allah, that does not get him out of Islam. The other sense can also refer to the unbeliever who is not Muslim anymore. This applies to the one who indulges in Riba, considering it licit.

But why Allah, The Equitable One, would want to chastise us if we give ourselves over to Riba?

It consumes people's wealth unjustly. The usurer takes people’s riba without giving them something useful in return.

This hurts those in need by increasing their debt.

This blocks the mutual assistance and good loans (those without interest) and promotes the loan with interest.

This also causes a paralysis of activities and trade (we will detail this later).

So now you understand better why Allah banishes all that and threat of a great punishment the one who uses it and do not repent of this practice.


Now I understand better why I have to manage my bank account without Riba. But how can I do you that?


Several things to do, simple but effective:

First, close all bank books (CEL, LDD, passbooks, life insurance ...) and please transfer the money earned by usurious interest for the common good (repair an orphanage, building bridges, roads, etc.)

Flip all your cash (without interest) to a new bank current account not paid (without interest) that you would have opened in the same bank for free without credit card or anything, strictly a checkbook if you want.

Delete your overdraft. For those who have one, we will have to take an appointment to learn how to better manage and balance your budget.

Do not take a credit card with deferred debit but with an immediate debit for you to avoid surprises.

For those who wonder how to enrich by other means, hangers-on in my next articlet! Feel free to send me your questions on

May Allah facilitate your task.



* Page 59 of the book "Commentary on the major sins" by His Eminence Shaykh Al Uhaymin, hadiths verified by the judgments of Shaykh Al-Albani, editions Al Madina.

** Page 23-27 Book Riba and its impact on modern economics, publishing Dar El Muslim.

*** Page 17 Book Riba and its impact on the modern economy.

Asma Oudina

Traduction : Yasmine Benali. Contact :

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