banking

As-Salamu `alaykum. I work for a bank where I encode checks. I want to know whether my earnings are halal or haram?

Are Muslims allowed to take interest that banks pay on their money? As we know, banks in US pay interest, so what should Muslims do with the interest ea rned on the money they keep in these banks?

Assalam alaikum. May Allah bless you for this wonderful site, Ameen!While Islamic Banking is a vast topic, could you please explain Islamic rulings on PLS (profit and loss saving) accounts. Also many governments of Islamic countries around the world have what's in place called the national savings schemes for people/institutions belonging to various categories like widows, senior citizens, special citizens, educational and health institutions etc for their financial assistance. The modus operandi of such schemes is that saving certificates are available in various denominations on which pre-determined profit rates are given. It is apparently preached that the money thus obtained is not interest but the profit that the government shares with the investors after investing in government projects;however, many scholars do term it as interest as the profit rates are alread y fixed. I am confused, please explain the intricacies.Thanks