Saturday, June 30, 2018

Can a Muslim open a Bank Account in an Interest based Bank?

Interest is Prohibited in Islam: Interest, commonly known as Riba, is prohibited in Islam. Any dealing that involves interest shall not be undertaken by the Muslims. Interest, therefore, is haram and Muslims shall stay away from it. Yet, in modern times, everyone needs to get equipped with a bank account. People prefer to put their […]

from Life in Saudi Arabia