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Can a person enter into an interest bearing transaction with the intention of distributing the interest in charity?

Answered according to Hanafi Fiqh by TheMufti.com

Q. Can I enter into an interest bearing transaction with the intention of distributing the interest in charity after the transaction is completed?


A. It is not permissible to enter into any interest bearing transaction with the intention of distributing the interest in charity to the poor and needy. Rasoolullah Sallallaahu AlayhiWasallam cursed the one who accepts interest and the one who pays it. (Muslim)

Allah Ta’ala Knows Best

Mufti Ismaeel Bassa

This answer was collected from TheMufti.com, which is a fatwa portal managed by Mufti Ismaeel Bassa from South Africa.

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