Is it permissible to hold a fixed term deposit or an ISA savings account ?

Fatawa Question

Are the fixed term deposit and ISA savings accounts permissible means in shariah in terms of the returns on one’s initial deposit ?

Fatwa

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Publisher

al-Qalam Shariah Scholar Panel

Publication Date

2017-03-31

Country of Publication

United Kingdom

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726130

American Psychological Association (APA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2017-03-31. Is it permissible to hold a fixed term deposit or an ISA savings account ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726130

Modern Language Association (MLA)

al-Qalam Shariah Scholar Panel (Manchester, England). Is it permissible to hold a fixed term deposit or an ISA savings account ?. Manchester England : al-Qalam Shariah Scholar Panel. 2017-03-31.
https://search.emarefa.net/detail/BIM-726130

American Medical Association (AMA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2017-03-31. Is it permissible to hold a fixed term deposit or an ISA savings account ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726130