Source: http://qa.muftisays.com/?2553
Question ID: #2553
 
Question: accepting interest on savings
Assalamu alaikum,
Alhamdulillah Allah has blessed me with wealth. I have setup cuurent accounts to refrain from interest. My question is this: is it better for me to take the interest and distribute it to the poor without any intention for reward or is it better to leave the interest with the bank?

Jazakallah
 
 
Answered by: Ulamaa ID 04 (London)
Date: 02/05/2008 16:19pm

Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah's guidance)


It is better to give the interest money to those eligible for charity without any hope for reward.

Please also see: http://www.muftisays.com/qa.php?viewpage=viewQA&question=23



And Only Allah Ta'ala Knows Best.
Mufti Qamruzzaman

London, UK
 
www.MuftiSays.com