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Savings Account
So in regard to the baking system. As the bank is still calling the terms loan and also paying interest on it. As long the system stays like this its better to not put money in saving accounts yo get the interest. Or someone can do ijtihad and say that i m investing my money with the bank as principal secured financing.
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3 Replies
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Savings Account
updated 4 years, 5 months ago
2 Members
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@faisalharoon if someone himself is willing to give a percentage on the loan he is asking. Whats the ikhlaqi bad side of it then. 2 parties are agreeing and there is no zulm being done. Should this exchange which is going on in savings account be avoided.
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This question was asked to Ghamidi Sahab in recent Q&A session, please refer to the following link:
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I got to hear that. Thank you
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