Question ID: 17452
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Is it permissible to invest money with Al Barakah bank.There are various types of investment accounts which give returns or “profits” that they say is halaal.They also have a Haj account. Can we utilize these types of investment schemes or is it also interest involved?

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Asked on September 25, 2015 8:04 pm
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Ask their Mufti on board directly as to where, how and why they invest. Then inform us. We will then m make a decision.
If there be an ‘Hajj Account’ which you deposit into then what about interest involved in it? Enquire about that.

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Answered on October 1, 2015 5:54 pm