Transactions & Dealings >> Interest & Insurance
Question ID: 66058Country: India
Answer ID: 66058
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 892/864/SN=09/1437)
Only poor and needy ones are eligible for interest money. When the above mentioned person has the property of lakhs then obviously he is not poor. He may sell his property and improve his financial status. Hence it is not lawful to give interest money to such a person.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India