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What should Muslims do with their bank interest?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
Asalam Waleikum, What we Muslim should do with BANK INTREST? Jazakallah

Answer

(Fatwa: 957/880=L/1429)

The interest amount should be spent on the needy and poor without the intention of reward, it is unlawful to spend it in oneÂ’s own needs.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

Original Source Link

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

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