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Taking interest in order to spend on virtuous deeds

Financial Transactions,Interest,Taking interest in order to spend on virtuous deeds

Fatwa No :
79848
| Date :
0000-00-00

Fatwa No : 79848
Taking interest in order to spend on virtuous deeds
معاملات / مالی معاوضات / سود

Taking interest in order to spend on virtuous deeds

If a person takes interest from a bank and spends it on something useful, such as buying books, giving it to a madrasa, or does some other pretext to give it to a madrasa as a general charity, is this correct? It is to be noted that this does not include zakat.

الجوابُ حامِدا ًو مُصلیِّا ً

Taking interest-bearing loans or spending money received as interest from any person or institution, even with the intention of spending it on useful and virtuous deeds, is unlawful according to S law, and must be avoided.

And Allah knows best
امجد اللہ سیف عُفی عنه
دار الافتاء جامعه بنوریه عالمیه
Fatwa No 79848 Verify Now
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