Source: http://qa.muftisays.com/?11828
Question ID: #11828
 
Question: Interest money
Assalamualaikum, my question is , if i can deduct the bank interest money, from the amount i have lend it to someone and there is no hope that they will return the money back, can i deduct my interest money in that and also what are the rules of using interest money and to whom can we give the interest money. Jazakallau khair
 
 
Answered by: Ulamaa ID 04 (London)
Date: 04/05/2025 13:16pm

بسم الله الرحمن الرحيم

الجواب حامداومصليا

Interest money must be given to charity without any hope of reward.

And Allah knows best

06 Dhul Qa’dah 1446/ 04 May 2025


Mufti Qamruzzaman

London, UK
 
www.MuftiSays.com