Is an Islamic deposit guaranteed to yield a return? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is an Islamic deposit guaranteed to yield a return?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

We shouldn't generalize.

Steps

  1. You need to know if the product is a deposit/investment account and what contract is being used.

  2. In Islamic investment, the method of profit and risk is a fundamental aspect; ask if the return is contractually guaranteed or merely expected.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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