Earning Interest To Cover For Inflation
While the interest earned from an interest bearing bank account cannot be considered as riba within itself, it is generally still paid to the account holders from the riba received by the banks. It is therefore recommended that one should refrain from taking this money if at all possible. There are several ways to protect the buying power of one’s money against inflation, for example, investing it in commodities, real estate, etc. If possible, these methods should be employed instead of taking interest from banks. For comments of Ghamidi sahab in this regard, please watch: https://youtu.be/m_OG07s20xk?si=PWtOjMHJ9m1DqlAM