• 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: 67300

    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