Transactions & Dealings >> Interest & Insurance
Question ID: 31504Country: India
Answer ID: 31504
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 740/509/L=1432) If the company gives the PPF amount in your possession and you opt to deposit the amount in bank, then the interest earned on the amount shall not be lawful for you. You will have to give the interest amount as charity to the poor and needy ones without an intention of reward.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India