Variable interest and interest under other names, prize bonds and accounts : commission on fixed deposits
Fatawa Question
Assalamu Alaikum, I have a question regarding financial matters. I wanted to inquire about 'fixed deposits' because they earn interest as well e. g. from HSBC. I've heard that special Muslims banks offer something called 'commission' which seems like interest!! And things like 'mutual funds' like stocks and shares with brokers conducting the selling and buying and then earning a profit etc... What is the recommendation on them ? How do we handle finances in today's world ?
Fatwa
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Publication Date
2002-08-17
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725871
American Psychological Association (APA)
Qahf, Mundhir. 2002-08-17. Variable interest and interest under other names, prize bonds and accounts : commission on fixed deposits. .
https://search.emarefa.net/detail/BIM-725871
Modern Language Association (MLA)
Qahf, Mundhir. Variable interest and interest under other names, prize bonds and accounts : commission on fixed deposits. 2002-08-17.
https://search.emarefa.net/detail/BIM-725871
American Medical Association (AMA)
Qahf, Mundhir. 2002-08-17. Variable interest and interest under other names, prize bonds and accounts : commission on fixed deposits.
https://search.emarefa.net/detail/BIM-725871
