FNB investments
Question
I would like to invest some monies with FNB. Could Maulana kindly advise me which is the best investment to choose from?
Answer
We have our reservations with regard to FNB Islamic Banking, hence we advise abstention from investing in any of their investment schemes. Yes, if you are opening an account for the safekeeping of your funds, then there is no harm in doing so. In this instance, you should open a straightforward savings account that doesn’t accumulate any interest.
- Answered by
- Mufti Mohammed Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Ifta Ibn Masood. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.