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Old 07-05-2008, 03:51 PM
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Default interest in saving account.

is saving accounts interest allowed in islam????
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Old 07-05-2008, 03:54 PM
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Default Re: interest in saving account.

No..its not. Someone will post links insha'Allah

YOu can ask your bank to take off the interest (they'd be more than happy to ave themselves some money) or you can calculate the difference and give it to charity. Ibn_M had an explanation in one thread of another way..but it sounded to in depth for me.
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Old 07-05-2008, 11:31 PM
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Default Re: interest in saving account.

Quote:
Originally Posted by Rambo View Post
is saving accounts interest allowed in islam????
Its allowed under strict conditions - see this post.

Generally speaking though its a hassle, so just put your money in a checking account.
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