[Is bank interest Haram ?]

Fatawa Question

I have a regular bank account in Canada and the bank gives me interest automatically. I love money, and the amount is a lot for me. Is the interest that is given to me by the bank Haram for me ? I am not asking them for this they are giving it to me automatically. What are some Halal ways to keep this money ? What would you recommend ?

Fatwa

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Publication Date

2012-04-30

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-733440

American Psychological Association (APA)

Qahf, Mundhir. 2012-04-30. [Is bank interest Haram ?]. .
https://search.emarefa.net/detail/BIM-733440

Modern Language Association (MLA)

Qahf, Mundhir. [Is bank interest Haram ?]. 2012-04-30.
https://search.emarefa.net/detail/BIM-733440

American Medical Association (AMA)

Qahf, Mundhir. 2012-04-30. [Is bank interest Haram ?].
https://search.emarefa.net/detail/BIM-733440