Title

Kindly advise how interest money can be used

Question

Kindly advise how interest money can be used

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

In principle, interest monies should be dispensed to the poor and needy, whether they are Muslims or non-Muslims without the intention of reward since such money is tainted.[1]

Interest money can also be given to one’s poor relatives who are the valid recipients of Zakaat, charitable organizations and Islamic Institutions.[2]

And Allah Ta’āla Knows Best                                       

Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.