Javascript is required to use this
website translator
,
free translator
Home
Prayer Times
Ask Qul
TV
The Holy Qur'an
The Holy Qur'an - Arabic
The Holy Qur'an - English
Merits and Benefits
Asma ul Husna
Facts and Miracles
Hadiths / Traditions
Library
Our Messengers
His Progeny
A Guide on Praying
How To Pray
Conducting Wudhu
Conducting Tayammum
Adhann & Iqama
Fajr Prayer
Zohr & Asr Prayers
Maghrib & I'sha Prayers
Ayat Prayer
Night Prayer
Wahshat Prayer
Duas / Supplications
Nahj ul Balagha
Sermons
Letters
Sayings
Marriage & Morals in Islam
Treatise on Rights
Islamic Parenting
Sufi Comics
Islamic Unity
The Lantern of the Path
Death & The Hereafter
Peace Struggles
Anecdotes for Reflection
Video Library
Films
The Caravan of Pride
Ibrahim - Friend of God
The Holy Saint Mary
The Battle Khaybar
The Lantern / Al-Nebras
The Messiah
The Message
The Fateful Day
Companions of the Cave
The Skies Wept Blood
The Kingdom of Solomon
Shadow Upon The Sun
Uwais al-Qarni
Mooz-lum
Lord Send Me Back
TV Series
Prophet Yusuf Series
Teflane Moslem
Ashab e Kahf
The Mukhtar Narratives
Shaheed e Kufa
The Courier of The Imam
Brighter than Darkness
Wilayat e Ishq
Hojr ibn Oday
Documentaries
Miracles of the Qur'an
American Ramadan
Perished Nations
Journey of Hajj
Inside Mecca
Islam - Empire of Faith
Seven Wonders
The Arrivals
Inside Islam
Islamic History of Eurpoe
Legacy of a Prophet
The Divine Book
Phase 3
Rock Bottom
The Arrivals: Reloaded
Ruhollah
Once Upon a Time in Iran
Life of Muhammad
Cartoons / Animations
Prophets of God
The Last Prophet
The Boy and The King
Tuva: Wealth of Salah
Habil & Qabil
Stories from the Holy Qur'an
Ashoora'ian
Audio Library
Holy Qur'an
Abdul Basit - Volume 1
Abdul Basit - Volume 2
Abdul Basit - English
Mishary Rashid - Volume 1
Mishary Rashid - Volume 2
Mishary Rashid - English
Ahmad Saud
Abu Bakr al Shatri
Ibrahim Jibreen
Saad al Ghamdi
Fahd al Kandari
Syed Sadaqat Ali
Muhammad Minshawi
Maher al-Muaiqly
Naheeds / Islamic Songs
Sami Yusuf
Zain Bhikha
Persian Collection
Mishary Rashid
Sheikh Hussain Akraf
Hameed Attai
Outlandish
Maher Zain
Native Deen
Latmiyat / Nawha
Lectures / Majalis
Islamic Occasions
Question & Answers
Trivia 1
Trivia 2
Karbala + General QA
Events of Karbala
Holy Month of Rajab
Holy Month of Shaban
Holy Month of Ramadan
Eid ul Fitr
Hajj - The Pilgrimage
The Baqi Tragedy
About
Help Qul - Donate
Contact
Test
Ask Qul - QA
Question :
#115
Category:
Business / Investment
Subject:
money in high interest account
Question:
Can I put my money in a high interest bank account?
Answer:
Bismillah
Salaam Alaikum. Inshallah all is well. Giving interest to others is not permitted in Islam regardless of who the interest is paid to. However, there is a case where taking interest from others, which may be the case in question, is allowed. If we are to take interest from other fellow Muslims, it will be forbidden. This means, if the bank you are opening a high interest bank account in is owned by Muslims, entirely or partially, this will not be allowed. However, if you are taking interest from non-Muslims, it is allowed. This means, if the bank which you desire to open an account in is own only by non-Muslims, it will be allowed to look for high interest accounts.
Fee Amanillah
Follow Up
Question:
Is that with all schools of thought?
Follow Up Response
Question:
Great journey to name this blog. I love this name immensely. Funny, the thing that was the toughest for me, as well, was naming my blog. Took forever. And eve23#8r&0; Good luck on your journey to CA!
Send Follow Response
Respond to Answer (
*
)
*
Fields are required
Copyright © 2021 Qul. All Rights Reserved.
Developed by
B19 Design
.