The gifts of usurious banks

A: The gifts given by banks to their clients and depositors must not be accepted, because they are involved in interest-based investments. As for the gifts distributed by the bank to other than its clients, here is an attached Fatwa (legal opinion issued by qualified Muslim scholar) in this regard - no.16184,which states the following:His Highness, Ambassador of the Kingdom of Saudi Arabia in the United States, invited private sector institutions to take part in financing scholarships for Saudi students, who are studying at their own expense. The institutions, which presented scholarships, included interest-based banks. Is it permissible for students to accept scholarships from these banks? A: The money presented from usurer, whether a bank or anyone else known (Part No. 11; Page No. 274) as a usurious source, is impermissible to take or use. This is considered consumption of Riba (usury/interest), which is forbidden in the Qur'an and Sunnah (whatever is reported from the Prophet). Almighty Allah says: O you who believe! Consume not Riba (usury)... Allah has cursed those who consume Riba, those who pay it, the two witnesses and the one who records it. If one does not know that the source of money is Riba, because its donor deals in both Riba and lawful transactions, the basic ruling is permissibility.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.