Is a TFSA Halal?

Yes. A TFSA is halal when the investments inside it are Shariah compliant.

Like the RRSP, the TFSA is just a tax shelter. Growth and withdrawals are tax free, which makes it one of the best accounts a Muslim investor in Canada can use. Watch for "high interest savings" TFSAs and TFSA GICs: both pay interest, which is riba. Fill your TFSA with screened investments instead.

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