Home » Hanafi Fiqh » Muftionline.co.za » Banking in India: Balancing Taqwa and Financial Transactions
Q: In India we have all transactions through our bank accounts. Is it against taqwa to deposit money in the bank? I never use interest but distribute it to the poor.
A: Where there is a genuine need the ulama have allowed it. However you should ensure that you guard yourself against interest and things that are of a doubtful nature.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)
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.
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