Question:

 

I have money in my bank and receive interest. How do I dispose of it? Can I give it to a charitable organisations? Will this money be regarded as charity or something else?

 


Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

 

You should dispose of the interest money yourself as Sadaqah to the poor and needy  or give it to a charitable organisation to give it to the poor and needy as sadaqah . This is not your personal sadaqah as it is haram money. You are simply getting rid of the haraam money by giving it to a deserving avenue . 

If there is an interest free banking facility, you should opt for that.  

And Allah Ta’āla Knows Best

Hafizurrahman Fatehmahomed

Student Darul Iftaa
Netherlands

Checked and Approved by,
Mufti Ebrahim Desai

KHARWASTAN

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