Interest-based deposits in the Muslim countries
Fatawa Question
I live in a Muslim country. I have kept my savings in that particular category of accounts on which interest is not paid. However i rarely draw any money, as i am saving it for some future plan. The question i would like to ask is should i deposit my money in an interest paying account, and pay the interest money to some poor person, or that would be contrary to spirit of Shari’ah. best regards
Fatwa
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Publication Date
2002-04-15
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
Data Type
Fatawa
Language
English
Record ID
BIM-724614
American Psychological Association (APA)
Qahf, Mundhir. 2002-04-15. Interest-based deposits in the Muslim countries. .
https://search.emarefa.net/detail/BIM-724614
Modern Language Association (MLA)
Qahf, Mundhir. Interest-based deposits in the Muslim countries. 2002-04-15.
https://search.emarefa.net/detail/BIM-724614
American Medical Association (AMA)
Qahf, Mundhir. 2002-04-15. Interest-based deposits in the Muslim countries.
https://search.emarefa.net/detail/BIM-724614