Question
A person deposits money in his banking account. He records it as his asset while the bank also records it as its asset. Who is the owner according to the Shariah?
Answer
There is no conundrum here. Regardless of what the bank does and how it records the money, the depositor is the owner and it is his asset.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 25 No 03
- PDF page
- 4
Appears under ILYAS GHUMMAN (approximate).