Interest money

Q: From Islamic point of view is it allowed to use the interest received on the money from a bank?


A: Interest is haraam in Islam.

And Allah Ta’ala (الله تعالى) knows best.

يَا أَيُّهَا الَّذِينَ آمَنُوا لَا تَأْكُلُوا الرِّبَا أَضْعَافًا مُّضَاعَفَةً وَاتَّقُوا اللَّـهَ لَعَلَّكُمْ تُفْلِحُونَ (آل عمران: 130) 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)