Profits paid by the bank on a savings account
Question
Is profit paid on a savings account by the bank halaal or haraam?
Answer
The profits given to you by the bank for the money you deposit into your account will be counted as interest which is haraam and a curse.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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