Published 1 year ago
Last updated 1 year ago
Q: What is the Shariah status of the Islamic Savings Account that one can open at FNB? One does not receive any interest but a portion of the profit is periodically credited by the bank to such an account?
The Bank claims that a board of top Ulama have investigated the account and have granted approval.
A: We have not yet found any bank that is shariah compliant.
And Allah Ta'ala (الله تعالى) knows best.
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