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I have some money in the bank and did term deposit and it has some interest on it. I would like to use that interest in charity is that acceptable in Islam could you please give me more information regarding this.

Answered as per Hanafi Fiqh by Askimam.org

I have some money in the bank and did term deposit and it has some interest on it. I would like to use that interest in charity is that acceptable in Islam could you please give me more information regarding this.

Answer

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

JazakAllah for your question.

Kindly refer to the answer on dispensation of interest monies at the following link: http://askimam.org/public/question_detail/21518

And Allah Ta’āla Knows Best

Moulana Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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