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Can the donated money be kept in a bank and the interest accumulated be used to pay for the taxes?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
As salaamu ‘alaikum, Can the donated money be kept in a bank and the interest accumulated be used to pay for the taxes and insurance of the Masjid and it’s property? It is compulsary in Canada to pay both taxes and insurance on a land and house/building. Was salaamu ‘alaikum, Jaffar

Answer

(Fatwa: 1776/1302/H=1431)

(1) It is allowable if no other proper mode of safety exists.
(2) It is permissible to pay the money in tax and insurance levied on the mosque.

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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