Taking profits earnt on money in my bank account


What do the scholars and experts of shari’ah say regarding profit I receive on top of the money which is in my bank account? The Bank manager says the bank deals with the money and the client as a Mudaraba contract.


Placing money in a bank account or with any other reputable financial institution where the agents go on to invest the money and any profits are shared (mudarabah) is permissible in the shari’ah as long the investment itself takes place in shari’ah-compliant projects.

And Allah ﷻ knows the best

 This fatwa is written by Dr. Hafiz Muhammad Munir Al-Azhari

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