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Investment that accrues interest

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: I am investing with a group but the investment attracts 3% interest. I know interest is haram.

If the investment makes a profit and my share is given to me, can I reject the 3% of my profit which stands out as the interest to make my profit halaal?

Bismillaah

A: The safer way will be that if you cannot leave it out then make istighfaar, and the 3 percent of interest give it out to some poor deserving person without the intention of thawaab.

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.

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