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Is JS Bank Good for Money Depositing?,

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   Question
Wednesday, June 8, 2011 03:22 PM 
Reply: >
Dear Friends,

In my area, a new branch of JS bank has opened recently. My question is: Is this bank has good reputation in Pakistan?

I did not hear this name but it is convenient as it is near my house. I need to know about the reputation of this bank. I am living outside Pakistan and I do not even know what is meant by JS?
MM replied on Thursday, June 9, 2011 02:05 AM 

I think it is Jehangir Siddique - A well reputed name in Investment banking.

But please do not deposit money in banks rather convert the money to Gold for security. Also depositing money in banks for profit is Haram in Islam as it is Riba
suggestion replied on Thursday, June 9, 2011 02:28 AM 

it used to be American Express Bank previously...Purchased by JS....good service as compare to other banks
question 1 replied on Thursday, June 9, 2011 02:50 AM 

What a Stupid Person 'MM'
Question is, requesting about the bank reputation, and he is saying
dont put money, its Haram.
I dont know all the people become Muftee even they dont know that this site is not for this purpose. but giving fatwaa on Islamic Value.
Mufti the Great replied on Thursday, June 9, 2011 05:21 AM 

Its not their fault, they dont have money to keep in Bank. Therefore they don't like others donig this practice. By the way Banks are formed to deposit the money not for performing the pray!!!
observor replied on Thursday, June 9, 2011 06:21 AM 

In my opinion, go for one of the five large banks for safety and security since most of the small banks are facing difficult situation these days. Large five banks are National, MCB, UBL, ABL and HBL.
Noble, Riyadh, KSA replied on Thursday, June 9, 2011 10:31 AM 

What they call a wolf in the disguise of sheep. We also went to them hearing their repu is good and a lot pursuing from JSI. I am dealing with all sorts of banks and Investment companies in Pakistan and around the world. Many overseas Pakistanis includind myself were badly swindled by this JS Institution. If you want to get details you may call .
Question replied on Thursday, June 9, 2011 03:16 PM 

Thanks very much, Noble. I will place a call to you.

Regarding Haraam, I am fully agreed with MM but it has been researched that most of populace put their money in the banks for Security & Safety. Regarding putting money for sood, it needs an ignorant mind to go with banks as they never ever give Profit/Sood more than the inflation rate.
Our “Ulemaas” must sit together and give verdict for the old retirees, widows and disabled who cannot earn through business and only depend upon their deposits!
I am not a good practicing Muslim but I have dome all of my investments in Halal ventures and so far so good, rather best!
visitor replied on Thursday, June 9, 2011 06:25 PM 

is hamam me sab nange hen,halal haram this that,just lookyourself and decide.is there any bank in this world who give loan without intrest.so try to give and get with islamic way on behalf of nek niyatti.
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