Question & Answer
Saving account and checking account halal or haram?

Say something about saving account and cheeking account , it is halal or haram to take profit from bank , they invest money for busniss,


بسم الله الرحمن الرحيم

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Dear brother, simply by keeping money in a bank doesn't make that money haram, but the interest that the money generates in a bank is absolutely and clearly haram in islam.

If we look at the saving and the checking account of a conventional bank, we come to know that these accounts generate interest on the money deposited in them.

Allah says in the glorious Quran: O Believers! Fear Allah and give up that ‘riba’ which is still due to you, if you are true believers. But if you do not do so, then you are warned of the declaration of war against you by Allah and His Messenger! Quran [2:278]

Dear brother, If the bank works on the principles of islam, then there is no harm in taking the profit that the money earns. But it is absolutely prohibited to take interest. And Allah alone knows the best.

I ask Allah to make this a sincere effort, seeking his pleasure, and I ask him to grant us refuge in him from the evils within ourselves, and that in our deeds. I ask him to grant us success in achieving whatever pleases him; And May Allah Shower His blessings and mercy upon our beloved Prophet Muhammad (pbuh), his family and his Companions and on all those who follow him until the final hour.

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Category:Riba (Interest)

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