Question # : 146545
Answer : 146545
Published on: Dec 19, 2016
بسم الله الرحمن الرحيم
It is haram to receive interest by depositing the amount in the bank and it is makrooh to deposit with this intention. However, if it is deposited with the intention and purpose of security then it shall be lawful to deposit but it shall be haram to consume the interest for himself. The amount of interest should be given in charity to the poor and needy ones without the intention of reward.
If your uncle is handicapped, he may invest money in some business if it is possible with the advice of some pious man.
Allah knows Best!
Darul Uloom Deoband
I am living here in Godhra and practicing since from last 13 yrs. I was also working in homoeopathic medical college since from last 12 yrs. Now recently appointed as professor in govt.college around 60 k.m. from Godhra now the big question is that i am getting salary around 20000/ twenty thousand rupees p.m.and medical practise is also officialy allowed so per month gaining will be around 40000/ so i have to pay around 45000/ rs. per annum in income tax which will be the best solution for me to save this amount. There are so many ways among them one is house loans (most of my coligue has taken which are non muslims) second is investing money in differnt funds where not a single way is intrestless kindly guide me for the same as such i am badly in need of home near vadodra which is around 30 k.m. from my working place. May god gives you instead of your service. Kindly reply soon.