Transactions & Dealings >> Interest & Insurance
Question ID: 49408Country: India
Answer ID: 49408
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1814/1466/B=12/1434) The bank interest received by bank may not be used for construction of personal toilet or that of a mosque or madrasa. Such an amount should be distributed in the poor, needy and debt-ridden ones without an intention of reward.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India