accepting interest on savings

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accepting interest on savings

Question date:		27th September 2006
From:		Anonymous
Short URL:		http://qa.muftisays.com?2553
Notes:		No Notes
Question ID:		2553

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

Answer

Ulamaa
Ulamaa ID 04

Answer last updated on:
2nd May 2008
Answered by: Ulamaa ID 04

Website
Location: London

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.

--------------------------------------
Moulana Qamruz Zaman
London, UK

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