Question & Answer
Can a widow, who has small kids, keep money in a saving account?

AOA, if a women is widow, have small kids and no resources of income and she has some money. In this case saving account and its money is halal or not?

Answer:



بسم الله الرحمن الرحيم

We begin with Allah’s blessed name, we praise him and we glorify him, seek his forgiveness and ask him to guide us. Whoever Allah guides, None can lead astray and whoever he misguides, None can guide. There is no power and no strength except from Allah, The most high, the Most great, the most powerful. We bear witness that there is no one worthy of worship but Allah Alone, and we bear witness that Prophet Muhammad (pbuh) is His slave-servant and the seal of His Messengers. We pray for peace and blessings on all the noble messengers and in particular on the last of them all “the blessed prophet Mohammad (pbuh)”

Dear sister, 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 account of a conventional bank, we come to know that this account does generate interest.

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]

Thus a believer should avoid keeping money in the ‘saving account’ of conventional bank. 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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