Miscellaneous >> Halal & Haram
Question ID: 148999Country: india
Answer ID: 148999
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 686/1535/H=1/1439)
Generally, Banks, Financial Institutions and Insurance Companies are involved in more than 50% haram business hence one should avoid them. For details see the book “Fatawa Usmani” vol. 3, p. 327, by Maulana Mufti Muhammad Taqi Usmani Sahib.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India