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[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.

[abbasgulam]

salaam Sheikh

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

I have received conflicting answers from others.

[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?

[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