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Can I receive profits from a Mudaraba Savings Account at a non-Shariah compliant bank?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
Assala Mu Alaikum I am a Bank Oficer at Shahjalal Islami Bank Ltd. My Question That If I Deposit Money in this bank under Mudaraba Deposit Account and Profit Given by this Bank on Mudaraba Saving Account But I Know that this Bank do not practice his business under islamic shariah in real of its operation, in this case Can I avail profit amount in this account

Answer

(Fatwa: 246/246/M=1432)

When you know definitely that the bank is involved in non-Shariah compliance businesses, it is not right to use the profits received from the bank.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

Original Source Link

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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