What should one do with interest money in his bank account?
Question
my question is that i have a bank account which is PLS based. usually on monthly basis i receive an interest amount on the balance available. question is can i give that interest amount to a needy second can i give this amount for building a masjid
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
You may give the interest money to the poor and needy but not for building a masjid.[1]
And Allah Ta’āla Knows Best
Muhammad Haris Siddiqui
Student Darul Iftaa
Melbourne, Australia
Checked and Approved by,
Mufti Ebrahim Desai.
References (Arabic / Urdu sources)
[1] فتاوی حقانيۃ - 6\197 جامعہ دار العلوم حقانيہ اکوڑہ خٹک
خير الفتاوی 6\443 – مکتبہ امھداديہ
محمود الفتاوی 3\60 – مکتبۂ انور
فتاوی محموديہ 24\346 – مکتبہ محموديہ
مسائل رفعت قاسمی 6\44 – حامد کتب خانہ کراچی
- Answered by
- Muhammad Haris Siddiqui
- Checked & approved 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/28837
Fatawa SA: https://fatawa.co.za/fatwa/askimam-28837
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