Transactions & Dealings >> Interest & Insurance
Question ID: 13664Country: Kenya
Answer ID: 13664Posted on: Aug 31, 2020
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 943/943=M/1430)
It is unlawful. The interest amount should be distributed in the poor without any intention of reward:
لأن سبیل الکسب الخبیث التصدق (شامي)
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India