A question about the U.S. banking system

lostlilly07

striving 4 Firadous
Salaam alaikum everyone

Insh'allah I am trying to start saving money and this time I want to be serious about it. I have a plan and for the next few months steady income (insh'allah).

do anybody know of a bank that does not practice ribaa on savings accounts. I have a checking account already and I would like an account that I only put money in but don't take out.
 

Summer03

3doTs2sQuares
Salami alaikum...

Unfortunately sister there isn't any bank that I know of that has a savings account without the interest. I have a checking account that I use for a savings account it is the only way to avoid interest.

You can open a checking account in another bank maybe or if the bank you use allows it to open another checking account to store your savings inshallah.:)

I wish you the best inshallah.

Salam
 

lostlilly07

striving 4 Firadous
yeah, I am thinking that is what i will have to do insh'allah. Its okay some banks around here give you free stuff if you open up a new checking account so it might not be so bad.

I just don't want to try saving money under my mattress again...the temptation was enormous.
 

Summer03

3doTs2sQuares
LOL!!! Mattress saving didn't work for me! The money is wayyy to close and easy to grab LOL

To really save money... When u do open a checking account and they give you a debit card... Don't carry it with you that way using the money is a bit harder!

Saving money is a idea especially when times are this bad :)

Salam
 

Almeftah

Junior Member
I believe there are branches of many muslim banks around the world, not sure about the ones in america but am sure you'll find one inshallah.
 

IbnAdam77

Travelling towards my grave.
wa'alaikumussalam warahmatullahi wabarakatuh

Yes that is really a huge problem not only in US but here also. We do not have an Islamic Bank yet. So we have to use Riba Banks. What I chose is to open a Current Account which does not provide any Riba. But as already said in this thread, it is not an easy task to save if we have the Debit Card with us. So far I have not been able to save ANY, but from this month, I am going to do it inshaAllah no matter what. LOL.

Its not an easy task for me to take money by staing in the queue even if 5 people is ahead of me. So if not NECESSARY, I do not take.

If you want just to save and not to take, keep your card with your mom and ask her to :SMILY286: you every time you ask for the Card and to :SMILY32: you whenever you do. LOL. This may help a lot.

wassalam 'alaikum warahmatullahi wabarakatuh
 

lostlilly07

striving 4 Firadous
wa'alaikumussalam warahmatullahi wabarakatuh

Yes that is really a huge problem not only in US but here also. We do not have an Islamic Bank yet. So we have to use Riba Banks. What I chose is to open a Current Account which does not provide any Riba. But as already said in this thread, it is not an easy task to save if we have the Debit Card with us. So far I have not been able to save ANY, but from this month, I am going to do it inshaAllah no matter what. LOL.

Its not an easy task for me to take money by staing in the queue even if 5 people is ahead of me. So if not NECESSARY, I do not take.

If you want just to save and not to take, keep your card with your mom and ask her to :SMILY286: you every time you ask for the Card and to :SMILY32: you whenever you do. LOL. This may help a lot.

wassalam 'alaikum warahmatullahi wabarakatuh

Mash'allah yeah this sounds like my only option to just open up another account. so I already have a bank of america...what is another good bank?
 

IbnAdam77

Travelling towards my grave.
Mash'allah yeah this sounds like my only option to just open up another account. so I already have a bank of america...what is another good bank?


assalam 'alaikum warahmatullahi wabarakatuh

Sister I really do not have knowledge about the banks in America. But I hope another brother or sister will help you to find a good one. How about the one brother Ayman1 said?

wassalam 'alaikum warahmatullahi wabarakatuh
 
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