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What should one do with interest money in his bank account?

Answered as per Hanafi Fiqh by Askimam.org

my question is that i have a bank account which is PLS based. usually on monthly basis i receive an interest amount on the balance available. question is can i give that interest amount to a needy second can i give this amount for building a masjid 

Answer

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

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

You may give the interest money to the poor and needy but not for building a masjid.[1]

And Allah Ta’āla Knows Best

Muhammad Haris Siddiqui

Student Darul Iftaa
Melbourne, Australia 

Checked and Approved by,
Mufti Ebrahim Desai.


[1]  فتاوی حقانيۃ – 6197 جامعہ دار العلوم حقانيہ اکوڑہ خٹک

خير الفتاوی 6443 – مکتبہ امھداديہ

محمود الفتاوی 360 – مکتبۂ انور

فتاوی محموديہ 24346 – مکتبہ محموديہ

مسائل رفعت قاسمی 644 – حامد کتب خانہ کراچی

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

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