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Is Interest Gotten On A Savings Account Haram?! - Religion - Nairaland

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Is Interest Gotten On A Savings Account Haram?! by BuhariNaWah: 9:59am On Oct 27, 2017
Good morning Nairalanders.
TGIF.

I waited for Friday to make this post, but I don't want it posted as an Islamic thread.
I am posting on behalf of a friend.
A customer walked up to me, in one of the old generation banks, to inquire if it was possible for him to stop the interests coming into his savings account with my bank.


I asked him why, and he said it was a sin for such funds to come into his account.

It sounded so strange to me.......i have never heard this anywhere.

Even the GMD of my bank is a Muslim.



So I ask you Muslims here.... Is it HARAM?
Re: Is Interest Gotten On A Savings Account Haram?! by orunto27: 10:10am On Oct 27, 2017
Interest is the Reward of Savings.

1 Like

Re: Is Interest Gotten On A Savings Account Haram?! by Nobody: 10:24am On Oct 27, 2017
Yes. In Islam.
Re: Is Interest Gotten On A Savings Account Haram?! by ibkgab001: 11:33am On Oct 27, 2017
What
Re: Is Interest Gotten On A Savings Account Haram?! by UmarIbnShittu(m): 11:55am On Oct 27, 2017
BuhariNaWah:
Good morning Nairalanders.
TGIF.

I waited for Friday to make this post, but I don't want it posted as an Islamic thread.

A customer walked up to me, in one of the old generation banks, to inquire if it was possible for him to stop the interests coming into his savings account with my bank.


I asked him why, and he said it was a sin for such funds to come into his account.

It sounded so strange to me.......i have never heard this anywhere.

Even the GMD of my bank is a Muslim.



So I ask you Muslims here.... Is it HARAM?
yes it's harram
Re: Is Interest Gotten On A Savings Account Haram?! by UmarIbnShittu(m): 11:56am On Oct 27, 2017
ibkgab001:
What
r u surprised
Re: Is Interest Gotten On A Savings Account Haram?! by iamgenius(m): 12:28pm On Oct 27, 2017
Yes, it's Haram to collect interest on the money saved. Because, the money saved in the bank is the same as the money lend out to someone. You lend the bank your money and they give you the interest your money earned after they used your money for business. It's not the same as Mushaarakah(partnership) whereby two or more people partner to do a business.

Some of the scholars said we can collect it and give it out as charity with the intention of not gaining the reward of spending it.

But it's best to leave it in the bank and not collect it, coz it's the Bank's money not yours. And the most important is that the verse indicates that Any interest should be abandoned.

Allah says: O you have believed fear Allah and give up what remains of interest (due to you), if you should be believers. Quran 2 verse 278.

Note : Brother, it's best for you to leave that bank job ASAP, lest prepare for war from Allah. May Allah grant us Halal earnings and job.
Allah knows best.
BuhariNaWah:
Good morning Nairalanders.
TGIF.

I waited for Friday to make this post, but I don't want it posted as an Islamic thread.

A customer walked up to me, in one of the old generation banks, to inquire if it was possible for him to stop the interests coming into his savings account with my bank.


I asked him why, and he said it was a sin for such funds to come into his account.

It sounded so strange to me.......i have never heard this anywhere.

Even the GMD of my bank is a Muslim.



So I ask you Muslims here.... Is it HARAM?
Re: Is Interest Gotten On A Savings Account Haram?! by emeijeh(m): 2:22pm On Oct 27, 2017
Can you imagine?!

Cc Lalasticlala

1 Like

Re: Is Interest Gotten On A Savings Account Haram?! by BuhariNaWah: 9:28pm On Oct 27, 2017
iamgenius:
Yes, it's Haram to collect interest on the money saved. Because, the money saved in the bank is the same as the money lend out to someone. You lend the bank your money and they give you the interest your money earned after they used your money for business. It's not the same as Mushaarakah(partnership) whereby two or more people partner to do a business.

Some of the scholars said we can collect it and give it out as charity with the intention of not gaining the reward of spending it.

But it's best to leave it in the bank and not collect it, coz it's the Bank's money not yours. And the most important is that the verse indicates that Any interest should be abandoned.

Allah says: O you have believed fear Allah and give up what remains of interest (due to you), if you should be believers. Quran 2 verse 278.

Note : Brother, it's best for you to leave that bank job ASAP, lest prepare for war from Allah. May Allah grant us Halal earnings and job.
Allah knows best.

Go and sleep.
To hell with your religion

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Re: Is Interest Gotten On A Savings Account Haram?! by UmarIbnShittu(m): 10:05pm On Oct 27, 2017
BuhariNaWah:


Go and sleep.
To hell with your religion
then y did u ask in the first place since u don't care
Re: Is Interest Gotten On A Savings Account Haram?! by iamgenius(m): 10:35pm On Oct 27, 2017
BuhariNaWah:


Go and sleep.
To hell with your religion
May God guide you to the Straight Path.
Re: Is Interest Gotten On A Savings Account Haram?! by Amberon11: 11:37pm On Oct 27, 2017
Why are you people giving him the demonic advice of quitting his job? So that he can become jobless and start begging? No wonder poverty is so inherent in the north and most Islamic nations.
UmarIbnShittu:
then y did u ask in the first place since u don't care
Re: Is Interest Gotten On A Savings Account Haram?! by iamgenius(m): 11:45pm On Oct 27, 2017
Amberon11:
Why are you people giving him the demonic advice of quitting his job? So that he can become jobless and start begging? No wonder poverty is so inherent in the north and most Islamic nations.
Sorry, your ignorance has risen to 99%.
Re: Is Interest Gotten On A Savings Account Haram?! by UmarIbnShittu(m): 2:09am On Oct 28, 2017
Amberon11:
Why are you people giving him the demonic advice of quitting his job? So that he can become jobless and start begging? No wonder poverty is so inherent in the north and most Islamic nations.
sorry have u. Been sleep walking through out the last 4decades that u don't Islamic nation are the rich nations or northerners are d richest in Nigeria

Muslims do not take life here as something to brag about but they will definately take their life in the hereafter to brag so just drop the case of riches or no riches
Re: Is Interest Gotten On A Savings Account Haram?! by BuhariNaWah: 2:26am On Oct 28, 2017
Amberon11:
Why are you people giving him the demonic advice of quitting his job? So that he can become jobless and start begging? No wonder poverty is so inherent in the north and most Islamic nations.

Can you imagine?
And if we investigate, we might even discover they have relatives working in banks.
He even went ahead to tell me to prepare for war, when I never told him I am a Muslim.

To hell with their f'ing religion.

1 Like 1 Share

Re: Is Interest Gotten On A Savings Account Haram?! by BuhariNaWah: 2:29am On Oct 28, 2017
UmarIbnShittu:
sorry have u. Been sleep walking through out the last 4decades that u don't Islamic nation are the rich nations or northerners are d richest in Nigeria the wealth up for my younger sister below alone enough to.feed your entire village.for 10 decades
so we plan ahead of time because we know there would come a time in this Nigeria that it only xtian that would b offered jobs

Muslims do not take life here as something to brag about but they will definately take their life in the hereafter to brag so just drop the case of riches or no riches

From your post, you must be one hell of a proud guy.
I don't even know what that baby's image is doing up there.
Re: Is Interest Gotten On A Savings Account Haram?! by iamgenius(m): 5:41am On Oct 28, 2017
BuhariNaWah:


Can you imagine?
And if we investigate, we might even discover they have relatives working in banks.
He even went ahead to tell me to prepare for war, when I never told him I am a Muslim.

To hell with their f'ing religion.
May God guide you to the straight path.
Re: Is Interest Gotten On A Savings Account Haram?! by UmarIbnShittu(m): 6:17am On Oct 28, 2017
[quote autho]
BuhariNaWah:


From your post, you must be one hell of a proud guy.
I don't even know what that baby's image is doing up there.
I posted dat for him to knw dat not every muslim is a pauper and hey I'm not a proud type because it's not mine or my family's wealth but Allah wealth which he can take away at any tym so wats ur problem

and don't worry I have modified the post so you die of hatred banker

Image is dat of my younger sister am talking abt if u had read post. U Would have seen "younger sister below" which mean the post will carry an attachment or shuld I remove It and refer u my dp instead so that I can rest

Abi wats ur problem
Re: Is Interest Gotten On A Savings Account Haram?! by Amberon11: 6:19pm On Oct 28, 2017
i wont even waste my precious time trying to refute your rubbish
UmarIbnShittu:
sorry have u. Been sleep walking through out the last 4decades that u don't Islamic nation are the rich nations or northerners are d richest in Nigeria

Muslims do not take life here as something to brag about but they will definately take their life in the hereafter to brag so just drop the case of riches or no riches
Re: Is Interest Gotten On A Savings Account Haram?! by UmarIbnShittu(m): 7:59pm On Oct 28, 2017
Amberon11:
i wont even waste my precious time trying to refute your rubbish
you can't because. Is truth

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