Can i use interest to pay my childrens fees?
Question
Please advise if I am able to use interest monies to pay for my childrens' education? I was previously advised that the interest monies may be used to build toilets, pay traffic fines or be given to a non muslim however I have heard that the monies may be used to pay for childrens' education. Please advise
Answer
In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatoh
Interest money should be disposed off by giving it away to the poor and needy. If you are poor and needy and you are a legitimate recipient of zakat, then you also qualify as a recipient of interest monies. You may use the monies to fulfill your needs.
And Allah knows best
Wassalam
Mufti Ebrahim Desai
Darul Iftaa
- Answered by
- Mufti Ebrahim Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.