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Question ID: 8826Country: India

Title: What is the sharia ruling on investments in bank fixed deposits schemes and postal fixed deposit schemes.

Question: What is the sharia ruling on investments in bank fixed deposits schemes and postal fixed deposit schemes.

Answer ID: 8826Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1468/1223=L/1429)

As per the Shariah, it is unlawful and haram to invest in the fixed deposit scheme and postal fixed deposit scheme.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: What is the sharia ruling on investments in bank fixed deposits schemes and postal fixed deposit schemes.

Question: What is the sharia ruling on investments in bank fixed deposits schemes and postal fixed deposit schemes.

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