IslamQA

Bismillah As salaamu alaikum I have received Bdt 100000.00 dividend as a shareholder of a private … Jal keep you in Aafiyat in dunia and aakhirat.

Answered according to Hanafi Fiqh by Darulifta Deoband Waqf
Bismillah As salaamu alaikum

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.


Answer:

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 Ifta

Darul Uloom Waqf Deoband

This answer was collected from the official website of Darul Uloom Deoband Waqf. The institution is based in India and the answers are provided in accordance to the Hanafi Fiqh.

Find more answers indexed from: Darulifta Deoband Waqf
Read more answers with similar topics:
Subscribe to IslamQA Weekly Newsletter

Subscribe to IslamQA Weekly Newsletter

You will receive 5 Q&A in your inbox every week



We have sent a confirmation to you. Please check the and confirm your subscription. Thank you!