Ref no: 0180#
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Date: Sunday, May 29, 2011 |
Category
Money Matters
Title
1)I would like to know what can one do with money earned through riba
Question
1)I would like to know what can one do with money earned through riba as sometime it is unavoidable such as national saving scheme where it is compulsory to put some money into it which will earn interest?
2) Is it good if I tear the money earned thru riba and throw it into dustbin?
Answer
Muhtaram / Muhtaramah
In the Name of Allāh, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.
At the outset, it should be noted that interest is haram (forbidden).
In principle interest money should be given in charity without hoping for reward. Some scholars have given permission to use interest money for public welfare.
Jadeed Fiqhi Masail 4/93 Kutub Khana Naeemia
And Allah knows best
Darul Iftaa
Madrasah Inaa’miyyah
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