Q. Is it haram to accept interest generated from a fixed deposit or any other account and distribute it to charity?
A. It is not permissible to distribute interest money with the intention of charity. It should be given out with the intention of getting out of one’s possession and not that of charity.
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.