Is it permissible to pay monthly bank fees?

Question: Is it permissible to open a current account with a bank such as Triodos? Their current account has no interest, but the bank does charge a small monthly fee to cover the cost of running the account.


الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب

It is permissible for a bank to charge a fee to cover the cost of running the account, provided that the fee is a true reflection of the costs and not used as a vehicle to charge interest.

And Allah knows best.
Mufti Mohammed Zubair Butt
Chair, Al-Qalam Shariah Scholars Panel


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