Darul Iftaa Mahmudiyyah

What to do if ones family is pressuring him into keeping his interest-based account?

· 11 Safar 1435 AH1 min readFatwa 27717English

Question

So with the interest that is unwantedly put into our bank accounts, we take that out and give it charity and there is no sin on us? I would like to know specifically about the sin part, are we still sinful if our account gets interest even if we give the money to charity?

What to do if ones family is pressuring him into keeping his interest-based account?

Answer

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

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

1) In principle, dealing with conventional banks is based on need and necessity. Accordingly, if one uses the facilities of a conventional bank out of necessity and the account accrues interest, one will not be sinful for that InshaAllah. The purpose was to use the bank facility and not to earn interest. However, the interest monies accrued will be disposed of as soon as possible.

2) Please explain why your family is putting pressure on you to keep the interest-based account.

And Allah Ta’āla Knows Best

Hisham Dawood

Student, Darul Iftaa
Chicago, USA

Checked and Approved by,
Mufti Ebrahim Desai.

www.daruliftaa.net

Answered by
Hisham Dawood
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/27717
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