Darul Ifta, Darul Uloom Azaadville

Interest Funds In A Deceased’s Estate

· 25 Ramadan 1443 AH1 min readEnglish

Question

There was some interest monies in the bank accounts of the deceased. Does that become part of her estate when distributing the shares? There is one minor amongst the heirs. What happens to the interest monies that accrues in her account after her demise till we close the accounts and distribute?

Answer

The heirs are not permitted to distribute or benefit from the interest money that accrued in the deceased’s account; therefore, they should give the interest money to some underprivileged and needy person without any intention of gaining the reward.

References (Arabic / Urdu sources)

أوالحاصل أنه إن علم أرباب الأموال وجب رده عليهم، وإلا فإن علم عين الحرام لا يحل له ويتصدق به بنية صاحبه…

شامي ص ٩٩ ج ط: سعيد

Approved by
Mufti Muhammed Saeed Motara Saheb D.B.
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Source: Darul Ifta, Darul Uloom Azaadville — https://www.iftadua.co.za/interest-funds-in-a-deceaseds-estate/13532/
Fatawa SA: https://fatawa.co.za/fatwa/azaadville-13532

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