What should be done with Interest (usury)?

Answered according to Hanafi Fiqh by DarulUloomTT.net
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Q: Assalaamualikum Mufti saab,

Who are the people deserving for the interest money which we get in our account, and I know that this money should be given without any niyah (intention). Detailed description would be helpful for me.

A: Wa Alaikum As Salaam,

Those who are poor and needy can be given this money whether they are Muslims or non-Muslims. The intention must not be that of Sadaqah and to receive blessings.

Instead, one should simply give it, since he is not the owner of it and cannot make a claim over it.

And Allah Knows Best.

Mufti Waseem Khan.

This answer was collected from DarulUloomTT.net, which is operated under the supervision of Mufti Waseem Khan from Darul Uloom Trinidad and Tobago.