I am able to use interest monies to pay

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Date: Thursday, June 12, 2012

 

Question

 

Please advise if I am able to use interest monies to pay for my children’s’ education? I was previously advised that the interest monies may be used to build toilets, pay traffic fines or be given to a non Muslim however I have heard that the monies may be used to pay for children’s’ education.

 

 

 

Answer

 

Muhtaram / Muhtaramah

 

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

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


Interest money should be disposed of by giving it away to the poor and needy. If you are poor and needy and you are a legitimate recipient of zakat, then you also qualify as a recipient of interest monies. You may use the monies to fulfill your needs.

 

And Allah knows best

Wassalam


Darul Iftaa, Madrassah In’aamiyyah


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