Transactions & Dealings >> Interest & Insurance
Question ID: 23755Country: India
Answer ID: 23755
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1068/815/L=1431)
Interest money received from bank should be given in charity to poor and needy ones without the intention of reward. It is allowed to pay income tax with interest amount.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India