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Should I donate interest earned from my current accounts or leave it with the bank?

Answered as per Hanafi Fiqh by Muftisays.com
Assalamu alaikum,
Alhamdulillah Allah has blessed me with wealth. I have setup cuurent accounts to refrain from interest. My question is this: is it better for me to take the interest and distribute it to the poor without any intention for reward or is it better to leave the interest with the bank?

Jazakallah

Answer
Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah’s guidance)

It is better to give the interest money to those eligible for charity without any hope for reward.

Please also see: http://www.muftisays.com/qa.php?viewpage=viewQA&question=23

And Only Allah Ta’ala Knows Best.

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Moulana Qamruz Zaman
London, UK

Original Source Link

This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.

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