Inflation Adjustment On Interest In Savings Account
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.
Sponsor Ask Ghamidi
The discussion "Inflation Adjustment On Interest In Savings Account" is closed to new replies.