I have received interest of Rs.300,000/- from Financial Institution in Karachi. I have obtained fatwa from Darul Uloom Korangi that the profit I have received is hram. What should I do with the interest I have already received?

I have received interest of Rs.300,000/- from Financial Institution in Karachi. I have obtained fatwa from Darul Uloom Korangi that the profit I have received is hram. What should I do with the interest I have already received?

Answer

(Fatwa: 466/360/H=1434)

The ruling of interest is same which is written in the Fatwa of Darul Uloom Korangi. It shall be ruled as haram whether you received it recently or in past; in both the cases the ruling is same. However, it is better to visit Darul Uloom Korangi and learn the ruling in detail.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband