• Transactions & Dealings >> Interest & Insurance

    Question ID: 16966Country: India

    Title: we have masjid a/c in one bank and baitul mal a/c is another bank. in masjid a/c we have shops deposit amoutn and masjid income like (monthly subscriptions and shops rents) every 6 months we get interest. so we transfer the interest amoutn to baitul mal a/c. my question is can we transfer interest amoutn to baitul mal a/c or can we construct toilets in majsid premiss or can we paid interest amount to municipal property tax for shops. or can we use this interest amount for legal matters. my another question is Baitul mal is a halal amoutn like (Zakat and Fitr) can we mix the interest amoutn in that. because if we move the interest amoutn in to baitul mal a/c again after 6 month we get interest on (baitul mal a/c ). is it permissible ? if not can we create a fresh a/c in that only interest amout we deposit and we use needy people according to the situation. one more questions is Where do we use this interest amoutn can u please mail briefly so that we can follow inshallah.

    Question: we have masjid a/c in one bank and baitul mal a/c is another bank. in masjid a/c we have shops deposit amoutn and masjid income like (monthly subscriptions and shops rents) every 6 months we get interest. so we transfer the interest amoutn to baitul mal a/c. my question is can we transfer interest amoutn to baitul mal a/c or can we construct toilets in majsid premiss or can we paid interest amount to municipal property tax for shops. or can we use this interest amount for legal matters. my another question is Baitul mal is a halal amoutn like (Zakat and Fitr) can we mix the interest amoutn in that. because if we move the interest amoutn in to baitul mal a/c again after 6 month we get interest on (baitul mal a/c ). is it permissible ? if not can we create a fresh a/c in that only interest amout we deposit and we use needy people according to the situation. one more questions is Where do we use this interest amoutn can u please mail briefly so that we can follow inshallah.

    Answer ID: 16966

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1795/1437/L=1430)

     

    You should remember the actual amount of both the accounts and whatever additional amount the bank gives, give it to poor, needy, widows etc as charity without the intention of reward. It is not allowed to construct toilet in the premises of masjid with this money. However, there is some room to pay the property tax of municipal shops with the money of interest. It is not allowed to use interest money in judicial affairs.

    2. You can keep interest money in Baitul Mal account but it will be necessary to remember the interest amount and the interest received on it. In order to avoid from all these things it is better to open another account. The interest money should be spent on poor, needy, widows etc without the intention of reward.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India