Intentionally acquiring interest to help the poor
Question
Q. Can I enter into an interest bearing transaction with the intention of distributing the interest in charity after the transaction is completed?
Answer
It is not permissible to enter into an interest bearing transaction even with the intention of distributing the interest in charity to the poor and needy. Rasulullah Sallallaahu Alayhi Wasallam cursed the one who accepts interest and the one who pays it. (Muslim)
And Allah Knows Best
- Answered by
- Mufti Ismaeel Bassa
- Checked by
- Mufti Ebrahim Desai
Where scholars differ, it’s safer to take the more cautious view.
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Source: Jamiatul Ulama KZN — https://jamiat.org.za/intentionally-acquiring-interest-to-help-the-poor/
Fatawa SA: https://fatawa.co.za/fatwa/jamiat-16403
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