Profit Generated from Deposited Funds Its Forms, Rulings, and The Jurisprudential Classification of Banks' Transactions with Depositors' Funds: Enhancing Partnership and Trust Between Depositors and Banks to Achieve Sustainable Development

Abstract

If a person deposits money for another person, it is a deposit, and the person with whom it is deposited must keep it and then return it to its owner at the time he requests it. If he disposes of it as a spending, gift, or trade, then he has a hand of betrayal that has pierced the hand of trust. It happens in the system of a number of banks that they dispose of depositors’ money without asking their permission. These actions of individuals, banks, and banks result in financial profits, so who is the first to receive these profits? What are the provisions related to these actions?

The Kingdom of Saudi Arabia is striving to direct the Monetary Agency, the banks, and banks to investigate Sharia controls in monetary activities, and to avoid anything that violates these controls as much as possible, and the Sharia committees whose activities the Kingdom has licensed are the best evidence of this generous approach of the state.

The objectives of the research were the most important:

1. Providing Sharia answers to people’s questions about the Sharia ruling on their deposited funds that were used by the depositor without permission from the depositor and resulted in financial profits.
2. Monitoring a group of miscellaneous provisions and controls related to this topic in one place.
3. Proving the ability of Sharia to find appropriate solutions to people’s calamities in their lives.

This research concluded with scientific results that we explained at the end of the research.

The research also concluded with three important recommendations listed at the end, which are relevant and related to the field of this research.