[Answered] Bank Fixed Deposit

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abbasgulam
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[Answered] Bank Fixed Deposit

Postby abbasgulam » 19 Nov 2013, 12:03

Salaam

Are we allowed to have fixed deposit accounts in a bank?

I have asked around but have been given conflicting answers. Please guide.
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Bank Fixed Deposit

Postby abbasgulam » 19 Nov 2013, 15:08

salaam Sheikh

Please advise if having a fixed deposit account in a bank is permissible?

I have received conflicting answers from others.
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Bank Fixed Deposit

Postby abbasgulam » 27 Nov 2013, 11:13

Salaam

Please advise if having a fixed deposit account is haraam? if yes than the reason for it? And if it is permissible, then any conditions?
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Re: Bank Fixed Deposit

Postby Sh.SaqalainAbbas » 30 Jan 2014, 09:41

Waalikumassalam
It is permissible and the interest given by the bank is halal from non-Muslim (private or state-owned) banks reason Allah knows better about his creation we have to submit and follow the rules

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