Home » Hanafi Fiqh » Muftionline.co.za » Can my son use his bank savings for his education?
Q: Please I am from Tunis. My son has a million in a bank so after 11 years he find “agios” “faida”. I want to ask you if he can spend this money for his study?
A: If you are referring to interest (usury), then interest is Haraam in Islam. Interest money should be disposed off by giving it in charity to the poor without the intention of receiving any reward.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Zakaria Makada
Checked & Approved:
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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