Mufti Online — Madrasah Ta'leemuddeen

Interest money

· 8 Safar 1435 AH1 min readEnglish

Question

From Islamic point of view is it allowed to use the interest received on the money from a bank?

Answer

Interest is haraam in Islam.

And Allah Ta'ala (الله تعالى) knows best.

References (Arabic / Urdu sources)

يَا أَيُّهَا الَّذِينَ آمَنُوا لَا تَأْكُلُوا الرِّبَا أَضْعَافًا مُّضَاعَفَةً وَاتَّقُوا اللَّـهَ لَعَلَّكُمْ تُفْلِحُونَ (آل عمران: 130)

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/4744
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-4744

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