{"_id":"668da0b20b76658b4c233e2f","title":"Is it permissible to open a savings account without a necessity?","question":"Is it permissible to open a bank account at a bank that only offers a saving’s account and use the interest as Sadaqah, specifically the new bank the tech company Apple is offering? My reasoning behind it is due to the increasing frequency of bank failures it would be a good idea to distribute savings across multiple banks that appear the most stable than the others. To be clear this is not a need but more-so a strong want to reduce risk in light of the current financial climate.","answer":"As mentioned previously, there has to be a necessity to facilitate ease, according to the legal maxim. In your case there is no actual necessity, so it would not be permitted.","tags":[{"_id":"668da01b0b76658b4c232e51","tag":"Contemporary Life: Interest","count":34}],"createdOn":"2024-07-09T20:42:26.542Z"}