{"id":29236,"date":"2024-03-20T23:46:59","date_gmt":"2024-03-20T23:46:59","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/home\/?p=29236"},"modified":"2024-03-20T23:46:59","modified_gmt":"2024-03-20T23:46:59","slug":"accepting-introductory-monetary-gifts-from-the-banks","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/accepting-introductory-monetary-gifts-from-the-banks\/","title":{"rendered":"Accepting Introductory Monetary Gifts From the Banks"},"content":{"rendered":"

Fatwa ID: 06993<\/strong><\/span><\/p>\n

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Answered by: Alimah Jannatun Nessa<\/strong><\/span><\/p>\n

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Question:<\/u><\/strong>\u00a0<\/em>\u00a0<\/em><\/span><\/p>\n

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An urgent query, Is it permissible to switch bank accounts and accept introductory monetary gifts from the banks like nationwide and First direct? Nationwide bank How to get the \u00a3200 bonus: – Open the account online or in-app. – Switch in an account from a different bank, including 2+ direct debits. – The bonus is then paid within 10 days. First Direct How to get the \u00a3175 bonus: – Open the account in-app (or online for joint accounts). – Switch in an account from a different bank. – Pay in \u00a31,000+ within three months. – Wait 28 days for the \u00a3175 Link to terms and conditions below https:\/\/www.moneysavingexpert.com\/banking\/compare-best-bank-accounts\/#nationwideswitch\u00a0<\/span><\/p>\n

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In the name of Allah, the Most Gracious, the Most Merciful<\/b><\/span><\/p>\n

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Answer:<\/b><\/span><\/p>\n

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What you have mentioned above is permissible in Islam and is seen as an incentive to attract customers. It is not seen as riba because they are using money as a means to promote their business rather than using money solely to generate more money. Therefore, it can be considered a gift offered by the bank for opening an account and switching banks.\u00a0<\/span><\/p>\n

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Only <\/span>Allah <\/span>(\u0639\u0632 \u0648 \u062c\u0644) <\/span>knows best.<\/span><\/span><\/p>\n

Written by Alimah Jannatun Nessa<\/span><\/p>\n

Checked and approved by Mufti Mohammed Tosir Miah<\/span><\/p>\n

Darul Ifta Birmingham<\/span><\/p>\n

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Fatwa ID: 06993   Answered by: Alimah Jannatun Nessa   Question:\u00a0\u00a0   An urgent query, Is it permissible to switch bank accounts and accept introductory…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/29236"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=29236"}],"version-history":[{"count":2,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/29236\/revisions"}],"predecessor-version":[{"id":29760,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/29236\/revisions\/29760"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=29236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=29236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=29236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}