Darul Iftaa Mahmudiyyah

Can i use interest to pay my childrens fees?

· 8 Dhuʻl-Qiʻdah 1428 AH1 min readFatwa 15859English

Question

Please advise if I am able to use interest monies to pay for my childrens' education? I was previously advised that the interest monies may be used to build toilets, pay traffic fines or be given to a non muslim however I have heard that the monies may be used to pay for childrens' education. Please advise

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

Interest money should be disposed off by giving it away to the poor and needy. If you are poor and needy and you are a legitimate recipient of zakat, then you also qualify as a recipient of interest monies. You may use the monies to fulfill your needs.

And Allah knows best

Wassalam

Mufti Ebrahim Desai
Darul Iftaa

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/15859
Fatawa SA: https://fatawa.co.za/fatwa/askimam-15859

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