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Using money earned as interest

Answered as per Hanafi Fiqh by ShariahBoard.org

Assalamualaikum Warahmatullah

The banks give interest money to the account holders in certain situations who fulfill certain financial obligations. Is it permissible to give the earned interest money to the peopled mentioned as follows:

1) My brothers and sisters who are poor or if they do not have any source of income

2) My poor relatives for their daily/monthly expenses

3) My cousin for her wedding (as the cousin’s family is poor)

4) Poor people in general

Jazakallah Khairan

الجواب وباللہ التوفیق

Assalamualikum Warahmatullah,

As per the situation described in your question, the money earned from the bank as interest, can be given to any of the people listed.

فقط واللہ اعلم

This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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