Opening interest-based account : having a bank account in the West and earning interest
Fatawa Question
Is about putting money in a (Western) bank. What does Islam and Muslim scholars have to say about putting money in a bank and receiving interest from it ? Is this what is called in Islam al Riba ? Jazacumu Allah Khairan. Notes : in the western world you cannot put money in a bank without receiving profit from it each year. Moreover there is no other way to save money except in a bank
Fatwa
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Publication Date
2000-12-16
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725812
American Psychological Association (APA)
Qahf, Mundhir. 2000-12-16. Opening interest-based account : having a bank account in the West and earning interest. .
https://search.emarefa.net/detail/BIM-725812
Modern Language Association (MLA)
Qahf, Mundhir. Opening interest-based account : having a bank account in the West and earning interest. 2000-12-16.
https://search.emarefa.net/detail/BIM-725812
American Medical Association (AMA)
Qahf, Mundhir. 2000-12-16. Opening interest-based account : having a bank account in the West and earning interest.
https://search.emarefa.net/detail/BIM-725812
