What is the sharia ruling on investments in bank fixed deposits schemes and postal fixed deposit schemes.
Answer
(Fatwa: 1468/1223=L/1429)
As per the Shariah, it is unlawful and haram to invest in the fixed deposit scheme and postal fixed deposit scheme.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband