Is Monthly Bank Profit on Bonds/Certificates Halal?

Answered by 

Shaykh Ebrahim Salejee

Q: The profit which a bank monthly offers against bonds/certificates is halaal or not? 

Bismillaah

A: It is not halaal.

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: Bank

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