April 29, 2026 3 mins
Is Keeping Savings in XAU (Gold-Indexed Currency) in a Bank Account Permissible?
Answered by Shaykh Muhammad Carr Question Is it permissible to keep savings in an XAU (gold-indexed) bank balance that is redeemable at any time only in local currency at the current gold rate, with no physical gold and no interest? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your […]