Question:
Assalamu Alaykum dear shaykh,
In what ways can we use the money received as interest on a savings account with bank. As it is haram to use that money for personal use, can we do something with that money for some other purpose rather than retaining it with the bank? PLease advise.
Jazakallah Khair
Answer:
wa `alaykum salam,
See the Post: “Fixed-Rate Interest-bearing Bank Account”
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