Transactions & Dealings >> Interest & Insurance

Question ID: 6937Country: India

Title: What we Muslim should do with BANK INTREST?

Question: Asalam Waleikum, What we Muslim should do with BANK INTREST? Jazakallah

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

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Title: What we Muslim should do with BANK INTREST?

Question: Asalam Waleikum, What we Muslim should do with BANK INTREST? Jazakallah

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