IslamQA

Earning interest on money deposited by one’s late husband

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: If a women whose husband is dead, has no son and nobody who can finance her needs, use the interest earned on the large sum of money deposited by her husband in a savings account during his lifetime? She has one daughter (separated from her husband) with her who also has nobody to earn for her. Can she also use the same interest money?

Bismillaah

A: If their shares of the deposit are not sufficient for their needs then they may use this money as well.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


Q: If both my mother and sister use the deposited money before any interest, the money will wipe out and no source of further finance will be available. Both my mother and sister have gold.

Bismillaah

A: If the husband had savings in the bank then use the savings and avoid the interest.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Find more answers indexed from: Muftionline.co.za
Read more answers with similar topics:
Subscribe to IslamQA Weekly Newsletter

Subscribe to IslamQA Weekly Newsletter

You will receive 5 Q&A in your inbox every week



We have sent a confirmation to you. Please check the and confirm your subscription. Thank you!