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  • Inflation Adjustment On Interest In Savings Account

    Posted by Mohammad Mudassar on September 26, 2023 at 4:28 pm

    Salaam, What is the sharia ruling of consuming profit earned on saving account through conventional banking?

    One opinion I come across on this forum is that profit on such account is halal as long as the interest rate is lower than the inflation rate or banks discount rate. Is it true.

    There is no clear definitive answer and its creating confusion. I will appreciate Ghamdis Sb opinion in this matter thanks.

    Mohammad Mudassar.

    Faisal Haroon replied 1 month, 3 weeks ago 2 Members · 3 Replies
  • 3 Replies
  • Inflation Adjustment On Interest In Savings Account

    Faisal Haroon updated 1 month, 3 weeks ago 2 Members · 3 Replies
  • Faisal Haroon

    Moderator September 26, 2023 at 6:10 pm
  • Mohammad Mudassar

    Member October 11, 2023 at 4:10 pm


    Can you please explain the profit paid on Zero coupon bonds/certificates which are basically issued at a discount to their face value. The interest/return earned by the person is the difference between the purchase value and the face value. Currently this is offered by government, Naya Pakatan certification as zero coupon bond upto 1 year.

    The return/profit Is this case will come into Riba?

    Appreciate your kind response.


    Mohammad Mudassar.

  • Faisal Haroon

    Moderator October 11, 2023 at 4:43 pm

    Ask Ghamidi Code of Conduct requires one topic per thread. Please post different topics as new questions. Please also be aware of the search functionality in the platform. It allows you to search for previously asked questions that may answer your question instantly.

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