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Profits in Islamic Banking

Answered as per Hanafi Fiqh by Askmufti.co.za
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

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This answer was collected from AskMufti.co.za, which is operated under the supervision of Mufti Siraj Desai of Darul-Uloom Abubakr, South Africa.

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