Home » Hanafi Fiqh » Darulifta Azaadville » Storage Of Money

Storage Of Money

Answered as per Hanafi Fiqh by Darulifta Azaadville

Question:

What is the best option that is advised for a female to store her personal money?

Answer:

She may use any permissible means to store her personal money (like getting a safe). She may also keep it by a trustworthy person, who lives in a secure place and has the means to secure her money. If none of this is a viable option for her, she may rent a deposit box in a bank to store her money. If this is also not a viable option, she may open a current account in the bank that does not accumulate interest. As a last resort, when none of the options are viable, she may open a savings account. She must constantly make Tawbah and she must dispose of any interest money that accumulates in her account as soon as it comes in.

Checked and Approved By:

Mufti Muhammed Saeed Motara Saheb D.B.

This answer was collected from the official Ifta website of Darul Uloom Azaadville, South Africa. Most of the answers are checked and approved by Mufti Muhammed Saeed Motara Saheb D.B.

Read answers with similar topics: