Question & Answer
My parents had deposited me a certain amount in fixed deposit scheme...

Assalamu alaikum warahmatullahi wabarakatuhu I need To clarify my doubt regarding "riba" my parents had deposited me a certain amount in fixed deposit scheme.......firstly i need to ask does fixed deposit is haram or not if its haram please telll how to ask forgiveness from Allah Now im stressing out more that i had done major sin😞please help me


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, there is absolutely no harm if one wishes to save a part of ones earning; but if places or receives interest on one's savings, be it by placing it in a fixed-deposit etc.. That interest increase would be absolutely forbidden unto the believers.

Dear sister, If one has in one's ignorance consumed Riba, and has realized ones crime and is ashamed of what he has done in ones past and seeks sincere repentance from one Lord and has promised one's lord that he would never ever again deal with it, then know that our Lord is most Merciful and Oft-forgiving, he forgives any sin he wishes. 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)