Saving money in a monthly deposit account

· 23 Jumada II 1438 AH1 min readEnglish
Business and DealingsInvestments and sharessaving scheme

Question

Can we save money in margadarshi like monthly deposit. Is it permissible?

Answer

If there is no interest involved and there is no other haraam then it is permissible.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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