Recently I came across an article in Milli Gazette that there is more than 1.6 lakhs crores of unclaimed interest amount lying in the Indian banks accounts belonging to Muslims. Can this amount be utilized in clearing loans of poor people who are unable to clear them and are forced to pay interest, can it be utilized for court cases of innocent prisoners who are unable to bear the case expenses?

Answered according to Hanafi Fiqh by

بسم الله الرحمن الرحيم

(Fatwa: 1457/1457/M=11/1434)

The Muslims who have interest amount in their bank accounts, they should withdraw it from banks and give to the poor as charity. Then the poor are free either to pay their debts with it or spend it in any other head. You may not use the interest amount in legal cases directly, but if there is any poor person detained unduly he may be given interest money which he can use in the expenses of legal cases.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

Find more answers indexed from:
Read more answers with similar topics:

More Answers…

Related QA

Pin It on Pinterest