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Forums Forums Islamic Sharia Permissibility Of Fixed Or Term Deposits

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  • Permissibility Of Fixed Or Term Deposits

    Posted by Muhammad Waqas on May 25, 2023 at 11:26 am

    Assalam o alaikum Ghamidi Sahab, I’ve been following you for more than a decade and feeling very satisfied with the religious rituals.

    My question is,

    Is it haram to get your amount fixed in the bank as a term or fixed deposit and earn the profit out of it? Which in my case is differently calculated each month by the bank, it’s always going up and down and not a consistent amount.

    Kindly help me, should I keep it or withdraw it and what about the amount I’ve already consumed I mean the profit?

    Faisal Haroon replied 1 week ago 2 Members · 1 Reply
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