• Transactions & Dealings >> Interest & Insurance

    Question ID: 49408Country: India

    Title: interest on income

    Question: I am a govt employee. We receive salary through savings bank for which the bank gives interest from time to time. Now the question is that can we spend the interest amount on the toilets to be made for our own use.

    Answer ID: 49408

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1814/1466/B=12/1434) The bank interest received by bank may not be used for construction of personal toilet or that of a mosque or madrasa. Such an amount should be distributed in the poor, needy and debt-ridden ones without an intention of reward.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India