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Permissibility Of Fixed Deposit Interest?
FD interest nd like kind interest are forbidden in islam ??
what is the ruling about recommending someone to invest in such types of scheme as we professionals have to recommend investment for tax saving purpose
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2 Replies
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Permissibility Of Fixed Deposit Interest?
updated 2 years ago
3 Members
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2
Replies
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Please see Discussion 2237
Since its prohibited, its not a good idea to recommend
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You can advice them to invest subject to certain religious qualifications as mentioned by Ghamidi Sahab in the videos provided in the following threads for different types of Investment schemes:
For investment in Government Savings Schemes:
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For investment in Banks Savings Account/Fixed Deposits:
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