Transactions & Dealings >> Interest & Insurance

Question ID: 67300Country: India

Title: Can interest money be used as accident compensation?

Question: I met with a minor accident with a Muslim boy, he is injured a bit, but now asking for compensation of Rs. 1500/- for his medical expenses. I want to ask if I can give him that amount from interest earned from my bank account? Please reply soon.

Answer ID: 67300Posted on: Aug 31, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1174/1242/L=11/1437)

In the question mentioned above, it is not lawful for you to give him interest money as compensation.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: Can interest money be used as accident compensation?

Question: I met with a minor accident with a Muslim boy, he is injured a bit, but now asking for compensation of Rs. 1500/- for his medical expenses. I want to ask if I can give him that amount from interest earned from my bank account? Please reply soon.

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