Transactions & Dealings >> Interest & Insurance
Question ID: 46664Country: India
Answer ID: 46664
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1175/887/B=1434) If you deposit your money in fix deposit in order to get more interest it is a kind of initiative to get interest. It is not lawful for a Muslim to do so. You may use the interest amount received in your saving account to pay your income tax. Do not attempt to get more interest.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India