I have attached the fatwa from Bank Islami. I have deposited some money in a fixed deposit (monthly profit account). Is the profit earned from it permissible (halal) or not?
According to our knowledge, the operations and deposit transactions of Bank Islami are conducted in accordance with Shari'ah principles. If this is indeed the case, then depositing money in a fixed deposit account with the said bank and earning monthly profit from it is permissible and valid in Shari'ah.