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How can we use the money that is received from our savings account in a constructive way?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
Interest received from our saving A/c, Where we can spend?we can spend in Public service like…Planting Tree on road side or Common Graveyard…..Please reply immediately.

Answer

(Fatwa: 818/681/B=1432)

Interest money received on saving account is haram. It is wajib to give the haram money in charity to the poor and needy ones. As it is necessary to take out zakah money from one’s own possession and give to to needy ones, in the same way it is necessary to give the haram money in the possession of the needy ones. It is not lawful to utilize it for public welfare, since tamlik (giving in possession) is missing in constructing general graveyard boundary and using in public services.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

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

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