Prohibition of Riba and its rationale : is there any bank interest that is Halal ?
Fatawa Question
What kind of Bank interest is considered Haram in Islam. I have heard a lot on this issue, but would like to know some details. My old parents are week and feeble and in Pakistan where businesses are very volatile and demanding, they have a few bank deposits which earn them minor monthly interests to run their daily routine. They cannot work. Is this permissible ? Notes : not a forced interest. I see all Islamic Banks charging interest when you buy something from them in the name of markup etc. Please advise. Thanks. Yours
Fatwa
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Publication Date
2003-02-24
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
Data Type
Fatawa
Language
English
Record ID
BIM-725723
American Psychological Association (APA)
Qahf, Mundhir. 2003-02-24. Prohibition of Riba and its rationale : is there any bank interest that is Halal ?. .
https://search.emarefa.net/detail/BIM-725723
Modern Language Association (MLA)
Qahf, Mundhir. Prohibition of Riba and its rationale : is there any bank interest that is Halal ?. 2003-02-24.
https://search.emarefa.net/detail/BIM-725723
American Medical Association (AMA)
Qahf, Mundhir. 2003-02-24. Prohibition of Riba and its rationale : is there any bank interest that is Halal ?.
https://search.emarefa.net/detail/BIM-725723
