Profits from a bank account
Q: Please can you assist with the following questions?
1. I have a *hajj account* as well as a *cheque account* with Al Baraka bank. The amount grows as per the profits the bank makes. Is this acceptable according to shariat? Should I cancel all growth and just keep the amount as is?
2. I have opened up an account with FNB shariat compliant for my son. He was given a lot of gifts Alhamdulillah, therefore we have kept all his monetary wealth in an FNB shariat compliant account. The amount in the account will grow. Is this acceptable? Should I rather ask the bank to stop all growth and let the amount stay as is?
3. Do I have to pay zakaat considering the wealth in my hajj account also?