Darul Iftaa Mahmudiyyah

Is interest money Halal for Muslims?

· 6 Jumada II 1421 AH1 min readFatwa 696English

Question

While answering one question you have mentioned that interest money can be given to poor and needy. I would like you to please check the instructions regarding interest money in Qur'an and Hadith and I am Inshallah sure you are totally wrong in your answer.

Answer

Interest is strictly prohibited as expressly mentioned in the Qur'aan and Ahaadith.

However, if one uses the bank facility to keep his money, he will receive interest. That amount should be disposed off by giving it away to the poor and needy.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/696
Fatawa SA: https://fatawa.co.za/fatwa/askimam-696

People also ask

What should I do with bank interest?

“The receiving and giving of interest is totally impermissible. In the unfortunate event of being involved in an interest bearing transaction, the interest money must be returned to its original owner (the one from whom interest…”

MUBZ · 321 fatawa from 9 Darul Iftas on this

What the Darul Iftas say

Same question, other Darul Iftas

The closest match from each Darul Ifta, found by wording. Check that the question matches yours.

Compare the answers side by side

Related fatawa