Avoiding Interest in Bank Accounts

  • Banking
  • 1 min read

Question

How do we save ourselves from interest? Eg we have bank accounts interest is paid from Non-Muslim into it.

Answer

For avoiding account interest, you can use Current account. And if the bank is completely owned by non-Muslims, the extra money they give you will not count as interest, and to take it is permissible but to avoid is better.

Answered by: Mufti Sajid Attari

This Post Has One Comment

  1. KAMRAN March 20, 2024

    I forget to pay my credit card annual fee on time. Now I have to pay late payment charges. Is it interest or not. Because if I wouldn’t pay this I’ll become bank default. Now what should I do please guide.

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