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Ruling on Salary Advance from Bank
Sheikh Sulayman ar-RuhailyProfessor, Islamic University of Madinah
Description
Sheikh Sulayman ar-Ruhaily addresses whether it is permissible for an employee to receive their salary in advance from the bank, and the ruling on the fees the bank charges for this service.
Transcript 8 lines
0:09
That is, the bank advances the salary to the employee early.
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And the bank takes something they call fees.
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This is not permissible. It is a form of riba.
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Because it is a purely monetary benefit.
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In return for a purely monetary benefit with an increase.
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So in reality, the bank lent the employee his salary with an increase.
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They called it fees.
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And this is not permissible, even if some Islamic banks do it. Yes.