Saving money in a monthly deposit account

Answered by 

Shaykh Ebrahim Salejee

Q:  Can we save money in margadarshi like monthly deposit. Is it permissible?

Bismillaah

A: If there is no interest involved and there is no other haraam then it is permissible.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


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This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Tags: haraam, Interest

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