Transactions & Dealings >> Interest & Insurance

Question ID: 161565Country: India

Title: The bank account of the masjid has earned some interest. My question is that what is the legal procedure of the said interest?

Question: The bank account of the masjid has earned some interest. My question is that what is the legal procedure of the said interest?

Answer ID: 161565Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1104/954/SD=9/1439)

Interest money should be given in charity to the poor and needy ones without intention of reward whether the interest money is earned from the bank account of a mosque.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: The bank account of the masjid has earned some interest. My question is that what is the legal procedure of the said interest?

Question: The bank account of the masjid has earned some interest. My question is that what is the legal procedure of the said interest?

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