Mufti OnlineMufti Online — Madrasah Ta'leemuddeen
Interest money
Question
From Islamic point of view is it allowed to use the interest received on the money from a bank?
Answer
Interest is haraam in Islam.
And Allah Ta'ala (الله تعالى) knows best.
References (Arabic / Urdu sources)
يَا أَيُّهَا الَّذِينَ آمَنُوا لَا تَأْكُلُوا الرِّبَا أَضْعَافًا مُّضَاعَفَةً وَاتَّقُوا اللَّـهَ لَعَلَّكُمْ تُفْلِحُونَ (آل عمران: 130)
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
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