Nowadays many people have locker accounts. So it is important to have correct information about the locker account. So if you want to know about locker account how it is opened and what are the Shariah provisions of keeping things in locker account? Then this article is for you.
What is Locker Account?
Locker account (Louckker account) is in Arabic الوديعة/الامانة is called Accountant is provided with a box in the bank cupboard. Lock the box and bring the key with the account money, money, gold ornaments. The bank cannot or does not interfere with it. Bank does not pay any interest on this account. Rather, it charges a certain amount of fees. It is called service charge.
Benefits of Locker Account
- Personal items can be kept safe.
- The custody of the stored goods is the responsibility of the bank.
- Materials remain as they are placed.
- Tranquility of soul is attained.
- There are many more benefits.
Disadvantages of Locker Accounts
- A certain amount of fee is payable annually.
- No profit is earned on saved content.
- A bank can break a locker within six months by sending a notice as per rules due to rent arrears.
- You may be required to pay a certain amount free of charge for any damage incurred while moving the contents into and out of the locker.
Locker Account Opening Rules
Locker is basically a box provided by the bank for the customer. It comes in different sizes. The customer puts any thing he wants in this box. It has two keys. A key is given to the customer. Another key rests with the bank manager.
The bank is responsible for the safekeeping of the items kept in the box. The bank collects service charges from the customer. In order to open the locker, firstly, the specific application form collected from the bank has to be filled and submitted. The bank gives him the receipt. This is how this deal is done.
Provision of keeping money in locker account
Even if the bank does not use the money in the said account for any purpose, since putting money in it is involved in usurious work and the institution built on usurious money is used, so money can be kept in it only for the sole purpose of security. Even in this situation, it should be kept in an Islamic bank if possible.
Source:
- Imdadul Fatawa: 7/176,
- Ahsanul Fatawa 7/15, 20,
- Fatawa Rahimiyyah 9/239:
- Af Ke Masayil Aur Unqa Hall: 6/174.
- Fatawaye Usmani: 3/290.
Locker history.
Archaeologists in Nineveh, Egypt have found one of the oldest lockers, about 4000 years old. Traces of locker use are also found in the Greek civilization between 500 BC and 300 AD.
If we want to discuss the modern history of lockers, the first lockers are known to have been used in 1786 at the Harleton Green Gold Club in South Carolina. The locker in question was a stack of cupboards with padlocks.
In 1848, the remains of storage lockers were also found on the wreck of the Victorian-era British warship HMS Terror. The first padlock was introduced by the Yale Lock Company in 1857 and their cylinder lock was redesigned in 1865.
Conclusion
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