The Prophetic Guidance in ... Date Added: 11-02-2024

The General Rules of Sharia ... Date Added: 07-02-2024

The Initiative of the ... Date Added: 06-02-2024

The Promotion of Sexual ... Date Added: 05-02-2024

Some Etiquettes of Dua` and ... Date Added: 15-02-2024

The Objectivity of the ... Date Added: 14-02-2024

Methods of Prevention and ... Date Added: 13-02-2024

What is Recommended for the ... Date Added: 12-02-2024

Search Fatawaa


Subject : Ruling on Saving Money at Postal Saving Fund

Fatwa Number : 371

Date : 25-11-2009

Classified : Current Financial Issues

Fatwa Type : Search Fatawaa


Question :

What is the ruling of Sharia on saving money at the Postal Saving Fund and collecting annual profits?



The Answer :

All perfect praise be to Allah the Lord of the Worlds. May His peace and blessings be upon our Prophet Mohammad and upon all his family and companions.

 

ِAll I (Late Grand Mufti Nooh al-Qhodah) know is that the Postal Saving Fund applies Islamic Murabaha in developing funds. If this is the case, then there is no sin in saving with this fund. If not, then look for another institution whose transactions are purely Islamic to avoid falling into doubtful matters. And Allah The Almighty Knows Best.






Comments

 

Name *

E. mail Address *

Country

Comment Title *

Comment *

Captcha
 
 

Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.