Helping the elders in getting the interest

Answered according to Hanafi Fiqh by
My grandfather and grandmother are residing in a rented house near my house. They have some amount. They wanted to invest the amount in bank and with the interest they aimed to pay the house rent. I explained them about the interest. Still they wanted me to deposit the amount in my name and they asked me to get the interest from the bank and to give them. Shall I do that? If I do that, then I will also come under the category of helping in getting the interest.

بسم الله الرحمن الرحيم

(Fatwa: 1553/1284/B=10/1435)

It is not lawful to pay house rent with interest money which one receives from bank after depositing money in the bank. It is like using interest in one’s personal need, whereas it is not lawful to get benefit from interest money. It is wajib to give it in charity to poor and needy ones without the intention of reward. It is not lawful to use it in one’s personal need.

Note: You should not support him in this regard. It is not lawful. [N]

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:
Related QA

Pin It on Pinterest