Profit accrued from FNB Islamic banking
Question
Is the profit sharing from an FNB Islamic Banking account Riba (interest)?
Answer
We are not fully aware of the modus operandi of FNB Islamic banking. We did peruse some of their contracts in the past but did not approve of any of their banking options. We therefore have our reservations in regards to FNB Islamic banking. Hence, it will be best to dispose of any interest accrued from the Islamic banking account.
- Answered by
- Mufti Mohammed Desai
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