Mufti Online — Madrasah Ta'leemuddeen

Is bank interest in India acceptable for a Muslim?

Published as Interest from the bank

· 29 Dhuʻl-Qiʻdah 1435 AH1 min readEnglish

Question

Is bank interest in India acceptable for a Muslim?

Answer

Riba is haraam and forbidden in Islam.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/7799
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-7799

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