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Interest On Savings Account
Asalam u alaikum!
I wanted to know about the interest earned on the savings in the bank account? Is it classified as the interest that is prohibited? Or is it ok to to take that interest as technically it’s from the profit share earned by the bank?
JazakaAllah
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1 Reply
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Interest On Savings Account
updated 1 year, 7 months ago
2 Members
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The banking system involves a fraction of interest, such as a personal loan. It comprises a very small portion of its revenue. Therefore, it is ok to earn a profit from the savings account.
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