Transactions & Dealings >> Interest & Insurance
Question ID: 6937Country: India
Answer ID: 6937Posted on: Sep 1, 2020
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 957/880=L/1429)
The interest amount should be spent on the needy and poor without the intention of reward, it is unlawful to spend it in oneÂ’s own needs.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India