Jamiat KZNJamiatul Ulama KZN

Intentionally acquiring interest to help the poor

English
BusinessFiqh

Question

Q. Can I enter into an interest bearing transaction with the intention of distributing the interest in charity after the transaction is completed?

Answer

It is not permissible to enter into an interest bearing transaction even with the intention of distributing the interest in charity to the poor and needy. Rasulullah Sallallaahu Alayhi Wasallam cursed the one who accepts interest and the one who pays it. (Muslim)

And Allah Knows Best

Answered by
Mufti Ismaeel Bassa
Checked by
Mufti Ebrahim Desai
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