-
Profit In A Savings Bank Account
Interest is the demanding of extra money on money lent to someone, if I’m not wrong.
What about the profit given by a bank into a savings account?
Is this profit same as interest when the account holder did not demand this profit?
-
2 Replies
-
Profit In A Savings Bank Account
updated 9 months, 2 weeks ago
3 Members
·
2
Replies
-
This is not Riba. The account holder deposits the money as an investment with the bank. This is not loan.
-
Sponsor Ask Ghamidi
Please sponsor Ask Ghamidi so that we can continue to provide and improve this community platform.
In the last 2282 days, 10,259 registered users have posted 71,649 messages under 21,397 unique topics on Ask Ghamidi.
