FIXED DEPOSIT

It is absolutely Haraam to open a fixed deposit account at the bank and use the interest that is accrued from it. Many people think that it is an easy means of livelihood. Nevertheless, it is very grave as interest is very impure and it is like declaring war against Allah Ta’ala and His Rasul (Sallallaahu Alaihi Wasallam). It is not something trivial!

[English version of "Fixe deposit" – Al Jamiat – Vol.2 No.2]