Mufti Online — Madrasah Ta'leemuddeen

Receiving a profit share from a FNB savings pocket account

· 16 Dhuʻl-Hijjah 1442 AH1 min readEnglish

Question

I have an Fnb Islamic cheque account which has with it a savings pocket account. Every month, depending on how much is in my savings pocket, I receive a profit share. Is this profit share amount permissible to use?

Answer

Based on the understanding that we have of how banks operate we are not at all clear that their operation is halaal. It is safest to give away the profits in charity without the niyyat of thawaab.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/32519
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-32519

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