Jazak Allah khayran for the comprehensive answer. Beyond the monthly funds, can I keep the minimum amount that will rebate the maintenance fees? For TD that's $5,000 and $29, respectively.
I'd prefer if you switch to an account that doesn't have monthly minimum.
5k can generate $40 a month on a fairly conservative estimate in a halal mutual fund.
5k can generate $40 a month on a fairly conservative estimate in a halal mutual fund.
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Kareem Abd El-Mohsen
+4 answers in: “I'm a new immigrant to Canada and given that there is no islamic banking here can I open a checking account and transfer all my savings there?
I heard mixed opinions about the mandate of having a credit card and I hope I can skip it in favor of a debit card, unless it is OK to have a credit card”