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What should I spend the interest money on?

Answered according to Hanafi Fiqh by DarulIftaBirmingham

Answered by: Maulana Imran Mughal​

Question:

Assalamu Alaikum Wa Rahmatullah

I have  P&L A/C from received interest.

In which purpose should I spend the interest money?


بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم

Assalamu Alaikum Wa Rahmatullah

Ideally speaking a person should never allow himself to be part of interest-based transactions, whether they work in his favour or not. The first step is to figure out a way in which you no longer receive benefits from interest.

If you have received interest money then you must give it away in charity without the intention of receiving rewards for doing so.

Only Allah Ta’ala knows best

Written by Maulana Imran Mughal

Checked and approved by Ustadha Sabrina

Darul Ifta Birmingham

This answer was collected from DarulIftaBirmingham.co.uk, which is run under the supervision of Mufti Mohammed Tosir Miah from the United Kingdom.

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