What to do with the interest im getting from the bank, it is not possible to cancel the interest at my bank
Question
What to do with the interest im getting from the bank, it is not possible to cancel the interest at my bank cause it is the law of the bank to pay interest.
Answer
It in necessary to dispose off the interest by giving it to the poor and needy. Therefore you should withdraw the interest amount and give it away in charity without intention of reward.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/13599
Fatawa SA: https://fatawa.co.za/fatwa/askimam-13599
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