Bank accounts deposits, etc. : fixed deposit

Fatawa Question

Assalamu Alaykum ! Dear Sir, I wish to know is the interest coming from fixed deposit Haram or Halal. I heard of people saying its pure Haram, whereas not dividend from shares. Could you please explain the difference and whether its Haram or Halal. Looking forward to hearing from you. Thanking you with best regards and wishes, Yours faithfully, Aamir

Fatwa

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Publication Date

2011-01-15

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-730433

American Psychological Association (APA)

Qahf, Mundhir. 2011-01-15. Bank accounts deposits, etc. : fixed deposit. .
https://search.emarefa.net/detail/BIM-730433

Modern Language Association (MLA)

Qahf, Mundhir. Bank accounts deposits, etc. : fixed deposit. 2011-01-15.
https://search.emarefa.net/detail/BIM-730433

American Medical Association (AMA)

Qahf, Mundhir. 2011-01-15. Bank accounts deposits, etc. : fixed deposit.
https://search.emarefa.net/detail/BIM-730433