AskImamDarul Iftaa Mahmudiyyah (AskImam)

What should one do with interest money in his bank account?

Fatwa 28837English
Finance and Commerce

Question

my question is that i have a bank account which is PLS based. usually on monthly basis i receive an interest amount on the balance available. question is can i give that interest amount to a needy second can i give this amount for building a masjid

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

You may give the interest money to the poor and needy but not for building a masjid.[1]

And Allah Ta’āla Knows Best

Muhammad Haris Siddiqui

Student Darul Iftaa
Melbourne, Australia

Checked and Approved by,
Mufti Ebrahim Desai.

References (Arabic / Urdu sources)

[1] فتاوی حقانيۃ - 6\197 جامعہ دار العلوم حقانيہ اکوڑہ خٹک

خير الفتاوی 6\443 – مکتبہ امھداديہ

محمود الفتاوی 3\60 – مکتبۂ انور

فتاوی محموديہ 24\346 – مکتبہ محموديہ

مسائل رفعت قاسمی 6\44 – حامد کتب خانہ کراچی

Answered by
Muhammad Haris Siddiqui
Checked & approved by
Mufti Ebrahim Desai
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