Inflation in the Islamic system : indexation by government regulation

Fatawa Question

The inflation rate in Pakistan is fast increasing. Keeping this in mind if we deposit some amount of money in our bank, after 5-10 years it will be of no value! The bank continues to add some profit to our money. So in this case will it be Sood (interest) ?

Fatwa

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Publication Date

2002-08-14

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-724110

American Psychological Association (APA)

Qahf, Mundhir. 2002-08-14. Inflation in the Islamic system : indexation by government regulation. .
https://search.emarefa.net/detail/BIM-724110

Modern Language Association (MLA)

Qahf, Mundhir. Inflation in the Islamic system : indexation by government regulation. 2002-08-14.
https://search.emarefa.net/detail/BIM-724110

American Medical Association (AMA)

Qahf, Mundhir. 2002-08-14. Inflation in the Islamic system : indexation by government regulation.
https://search.emarefa.net/detail/BIM-724110