Islamic banks
Question
Is it permissible to saver money in a savings account in an Islamic bank? We are only using the actual money which we have saved. Whatever savings profit we receive from the bank, e.g. 2% etc. will be given to the poor
Answer
On account of some unpleasant experiences we have had with these banks we no more consider them to be Islamic.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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