What to do with earned interest ? : earned interest and bank fees

Fatawa Question

The banking system in New Zealand and may be in most of the countries is that if you put some money in the saving account you will get interest every month and also you will be charged a monthly bank fee. My question is if the monthly bank fee is more than the interest you get monthly which means that you do not get any extra money from the bank is it ok ? or still I have to get rid of the interest ? Thanks

Fatwa

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Publication Date

2001-05-27

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726177

American Psychological Association (APA)

Qahf, Mundhir. 2001-05-27. What to do with earned interest ? : earned interest and bank fees. .
https://search.emarefa.net/detail/BIM-726177

Modern Language Association (MLA)

Qahf, Mundhir. What to do with earned interest ? : earned interest and bank fees. 2001-05-27.
https://search.emarefa.net/detail/BIM-726177

American Medical Association (AMA)

Qahf, Mundhir. 2001-05-27. What to do with earned interest ? : earned interest and bank fees.
https://search.emarefa.net/detail/BIM-726177