IslamQA

Taking interest money

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: I am investing 10 lakh in my own company and apart from the salary, I am taking interest of 1 % month to month. I am day to day involved in the company’s success. Is it jaiz?

Bismillaah

A: Consuming of interest is haraam. Nabi (sallallahu alaihi wa sallam) has cursed the one who pays the interest and the one who receives and consumes it. Similarly, the one who gets involved in interest is in war with Allah Ta`ala.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)ies

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.

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