Q: I recently opened an Islamic Smart Account with FNB (South Africa). I would like to know if the profits paid on this account are indeed in compliance to the shariah and whether I may utilse the profits. A: The Islamic Smart Account: The money that is deposited into this account is ring-fenced (confined) and …
Q: I recently opened an Islamic Smart Account with FNB (South Africa). I would like to know if the profits paid on this account are indeed in compliance to the shariah and whether I may utilse the profits. A: The Islamic Smart Account: The money that is deposited into this account is ring-fenced (confined) and …
Q: Is keeping money and getting profit in Islamic banking allowed? A: If the Islamic Bank is certified by reputable Ulama and it invests the money in a Halaal (lawful) business venture, then the profits received from such an investment are Halaal. Mufti Siraj Desai
Q: Is keeping money and getting profit in Islamic banking allowed? A: If the Islamic Bank is certified by reputable Ulama and it invests the money in a Halaal (lawful) business venture, then the profits received from such an investment are Halaal. Mufti Siraj Desai
