Prohibition of Riba and its rationale : is it permissible to get interest from banks, they are not poor ?
Fatawa Question
Assalamu Alaykum Wa Rahmatu Allah : I would like to ask you (Jaz’akum Allah Khayran) about banking transactions and the system of interest. I’m placing some money in a deposit account, because I think that it is the safest way of keeping money and getting some returns on it, at least to compensate for the decline in monetary value and I also said to convince myself (after all banks are not poor). Does this kind of practice look convincing according to Islam ? Please give me a firm answer. Thank you
Fatwa
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Publication Date
2002-06-19
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-725653
American Psychological Association (APA)
Qahf, Mundhir. 2002-06-19. Prohibition of Riba and its rationale : is it permissible to get interest from banks, they are not poor ?. .
https://search.emarefa.net/detail/BIM-725653
Modern Language Association (MLA)
Qahf, Mundhir. Prohibition of Riba and its rationale : is it permissible to get interest from banks, they are not poor ?. 2002-06-19.
https://search.emarefa.net/detail/BIM-725653
American Medical Association (AMA)
Qahf, Mundhir. 2002-06-19. Prohibition of Riba and its rationale : is it permissible to get interest from banks, they are not poor ?.
https://search.emarefa.net/detail/BIM-725653
