I am able to use interest monies to pay

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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

 

  • The Sharée ruling herein given is specifically based on the question posed and should be read in conjunction with the question.
  • The Darul Ifta bears no responsibility to any party who may or may not act on this answer. The Darul Ifta being hereby exempted from loss or damage howsoever caused.
  • This answer may not be used as evidence in any Court of Law without prior written consent of the Darul Ifta.
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