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[Answered] Bank Fixed Deposit
Posted: 19 Nov 2013, 12:03
by abbasgulam
Salaam
Are we allowed to have fixed deposit accounts in a bank?
I have asked around but have been given conflicting answers. Please guide.
Bank Fixed Deposit
Posted: 19 Nov 2013, 15:08
by abbasgulam
salaam Sheikh
Please advise if having a fixed deposit account in a bank is permissible?
I have received conflicting answers from others.
Bank Fixed Deposit
Posted: 27 Nov 2013, 11:13
by abbasgulam
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?
Re: Bank Fixed Deposit
Posted: 30 Jan 2014, 09:41
by Sh.SaqalainAbbas
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