u/cheap_moonshi

My retired father has savings of about 6.2 million which is currently parked in Meezan bank savings account. The payout is not very desirable. This month he received around 34k profit, of which 6800 was deducted as tax which I think, is around 20%. I have thought about moving the money to MCF but I don't know if it would be a good choice. I want an option where he can get maximum shariah compliant monthly income on his savings.I am still learning about investments, so my knowledge is limited when it comes to making the best decision for my father.