Skip to content
  • Corporate Advisory
  • Contact

  • About
  • Panel
  • Imams
  • Q&A Fatawa
  • Completed Research
  • Articles
Is National Savings Accounts Islamically permissible?

Tag: National Savings Account

Is National Savings Accounts Islamically permissible?

alqalam21/03/2012

Q: Is National Savings Accounts Islamically permissible? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب National Savings Account wherein the principle is guaranteed and there is a definite return is not Sharī‘ah compliant. However, if anyone has deposited money into such an account the money so deposited will be liable for Zakāh.  

Read more...
Banking Fatawa, Earning Halal Fatawa, Fatawa, Investments FatawaMiscellaneous Fatwā, National Savings AccountLeave a comment
  • Facebook
  • Twitter
  • RSS

Newsletter

Browse Answers

Latest Updates

  • Would insurance be permissible for martial arts’ students to take out health and safety purposes – as this is the requirement of the law of the land? 27/05/2022
  • Is one sinful while studying with a Interest (ribā)-based student loan? And will one be will considered as consuming ribā? 21/05/2022
  • As a website owner, can I get commission from their profit? 19/05/2022
  • What is the Islamically correct way to contract a property developer to build a house for you? 13/05/2022
  • What’s the Islamic ruling on options to buy/sell something in the future? 07/05/2022

Copyright © 2017 Al-Qalam Sharī‘ah Panel