Meezan bank
Question
What is the stance of Shariah about Meezan bank in Pakistan? Is it permissible to keep money in it and receive monthly profit?
Answer
We do not know about their complete operations. Hence, we cannot comment. However, we have not come across any Islamic bank whose operations and workings conform to shariah.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.