Meezan bank

Q: What is the stance of Shariah about Meezan bank in Pakistan? Is it permissible to keep money in it and receive monthly profit?

A: We do not know about their complete operations. Hence, we cannot comment. However, we have not come across any Islamic bank whose operations and workings conform to shariah.

And Allah Ta'ala (الله تعالى) knows best.


Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)