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Permissibility of taking out an interest bearing bank account at Nedbank

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  • Permissibility of taking out an interest bearing bank account at Nedbank
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Tags:
  • account
  • bank
  • interest
  • nedbank
Category:
  • Business and Financial
Question ID: 24317
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Salaams

Is it permissable to invest money in a Nedbank investment account which earns interest of 5.5% per year?

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Asked on December 17, 2011 1:25 pm
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Private answer

No

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Answered on December 17, 2011 1:25 pm