IslamQA

Bank shares

Answered according to Hanafi Fiqh by Muftisays.com
respected muft saab

asalamualikum,

i have recieved money from bank shares, what i can i spend this money on? can i spend on someone who is entitiled to zakat? or on relatives who need health treatment?
or any other suggestions?
jazakallah

Answer
Bismillah

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

Receiving money from the bank shares etc, is Riba (usury) a Haram form of income.

Therefore, one should dispose of any type of Haram funds like bank shares etc.

The Haram income should be given into the ownership of deserving poor Muslim recipients without any intention of reward. Riba money will thus be disposed of without any intention of gaining reward, to those needy Muslims who are eligible to receive Zakat.

Please also refer to:
http://qa.muftisays.com/index.php?viewpage=viewQA&question=23

And Only Allah Ta’ala Knows Best.

————————————–
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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