Whether a savings account is considered halal permissible or Haram in islam depends on the terms and conditions regarding interest islam prohibits the giving or recieving of interest a convetial saving accounts typically generates interest on the deposit funds which is considered in Islamic financeRead more
See lessWhether a savings account is considered halal permissible or Haram in islam depends on the terms and conditions regarding interest islam prohibits the giving or recieving of interest a convetial saving accounts typically generates interest on the deposit funds which is considered in Islamic finance making it haram
Muslims can open account in Islamic banks, because Islamic banks provides services which based on Islamic principles, like Mudharaba, Musharaka, Ijarah etc.
Muslims can open account in Islamic banks, because Islamic banks provides services which based on Islamic principles, like Mudharaba, Musharaka, Ijarah etc.
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