I have received Bdt 100000.00 dividend as a shareholder of a private company. I have calculated the interest portion of that dividend and it is around Bdt 5000.00. Now I am purchasing a car. May that interest be used for paying car registration fee and VAT ?
May Allah Azza Oa Jal keep you in Aafiyat in dunia and aakhirat.
Ref. No. 39 / 873
In the name of Allah the most Gracious the most Merciful
The answer to your question is hereunder:
No, it is not allowed. You have to give this amount of interest to needy and poor people without making any intention of reward.
And Allah knows best
Darul Uloom Waqf Deoband