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Disposing Interest Money

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WifaqulUlama's avatar
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#1 [Permalink] Posted on 20th October 2020 10:32
What is the Islamic ruling for disposing Interest profit and money which is deposited into my bank Account?

It must be emphasised that receiving or giving of Interest is prohibited in Islām and no Muslim should engage in interest or usury bearing schemes or transactions by their free will. You must try to switch to a bank account which is non-interest bearing.

The prohibition of interest and usury in Islām is categorical and without exceptions. In the event that a Muslim has deposited their money into an interest making account or interest or usury bearing profits reach a Muslim, then such money should be disposed.

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