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?



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

Checked and Approved by,
Mufti Ebrahim Desai


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