• Transactions & Dealings >> Interest & Insurance

    Question ID: 49034Country: India

    Title: Can we give interest money to help a needy person build his damaged house

    Question: Whenever my bank pays interest in my A/c, I transfer it to another a/c which I have opened with the intention of segregating the interest money received in my other accounts. 1. Can I use this interest money to help a needy person related to me (without intention for reward) who asked me for financial assistance to rebuild his house damaged due to rain? The house is owned by his father. The person who requested me is not employed anywhere and does not have a regular source of income. 2. If it is allowed to use the money to help him, do I need to tell him that it is Interest money?

    Answer ID: 49034

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1492/1492/M=12/1434) Yes, you can give that money to any acquainted poor and needy one without an intention of reward. It is not necessary to inform him that it was interest money.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India