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Interest money from bank

Answered as per Hanafi Fiqh by DarulIftaBirmingham

Interest money from bank.

In the name of Allah, the most Beneficent, the most Merciful.  


The recipients of interest money are the poor and destitute. Some scholars have said that one may use the interest money to make toilets for the poor or to repay an interest based loan. However, it is preferable to give interest money to the poor without the intention of reward (thawab). (Raddul Muhtar p.553 v.9 & Jadeed Fiqhi Masaail p.406 v.1)

Only Allah Knows Best

Mohammed Tosir Miah

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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