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Storage Of Money

Question

What is the best option that is advised for a female to store her personal money?

Answer

She may use any permissible means to store her personal money (like getting a safe). She may also keep it by a trustworthy person, who lives in a secure place and has the means to secure her money. If none of this is a viable option for her, she may rent a deposit box in a bank to store her money. If this is also not a viable option, she may open a current account in the bank that does not accumulate interest. As a last resort, when none of the options are viable, she may open a savings account. She must constantly make Tawbah and she must dispose of any interest money that accumulates in her account as soon as it comes in.

Checked and Approved By:

Mufti Muhammed Saeed Motara Saheb D.B.

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