Fatwa #3467919 December 2015United States of America
Medical insurance scheme with interest
Question
I have a question regarding health saving account offered by my company as a part of medical insurance. Company is putting some money in this account for only medical use but the issue is account type. Account is saving account and will earn the interest. Though I am trying to spend the money before end of month to save for any interest but still sometimes I can see few dollars or pennies as interest. What do you suggest?
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
Your question is not clear. Do you also contribute to the savings account? If so, is it compulsory or voluntary? Who will be the account holder?
And Allah Ta’āla Knows Best
Bilal Issak
Student Darul Iftaa
Leicester, England, UK
Checked and Approved by,
Mufti Ebrahim Desai.