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  • Islamic Savings Account In UAE

    Faisal Haroon updated 2 months ago 2 Members · 1 Reply
  • Faisal Haroon

    Moderator September 27, 2023 at 4:01 pm

    Fundamentally, riba is really a concern in loan transactions. However, since banks generally give out loans to people and earn riba themselves, we like to not take any portion of it through saving accounts. If, however, your bank does not earn riba but instead makes investments and pays out a portion of their profits to savings account holders then it is not impermissible.

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