Is a fixed interest rate halal
I want to know if interest recieved from fixed deposit account is halal or haram in islamic perspective or view, suporting verse from Quran and Hadith will help the issue A fixed interest rate doesn’t fluctuate in connection with the prime rate or other index rates that change from time to time — but that doesn’t mean fixed rates are set in stone. Here’s how fixed rates work, and how they can affect how much you pay for your loan. Credit Karma.