1)I would like to know what can one do with money earned through riba

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Ref no: 0180#

Date: Sunday, May 29, 2011

Category

Money Matters

Title

1)I would like to know what can one do with money earned through riba

Question

1)I would like to know what can one do with money earned through riba as sometime it is unavoidable such as national saving scheme where it is compulsory to put some money into it which will earn interest?
2) Is it good if I tear the money earned thru riba and throw it into dustbin?

Answer

Muhtaram / Muhtaramah

In the Name of Allāh, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.

 

At the outset, it should be noted that interest is haram (forbidden).

In principle interest money should be given in charity without hoping for reward. Some scholars have given permission to use interest money for public welfare.

Jadeed Fiqhi Masail 4/93 Kutub Khana Naeemia

And Allah knows best
Darul Iftaa

Madrasah Inaa’miyyah

 

 

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