Is it permissible to receive bank interest and spend it on charitable projects such as lighting up villages, supporting hospitals, and assisting young people with marriage?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is impermissible to open an account in an interest-based (usurious) bank except out of necessity, such as fear of money theft and the unavailability of an Islamic bank. The account must be a current account. As for the usurious interests, they must be disposed of by spending them on the welfare of Muslims, such as supporting hospitals, illuminating roads, giving charity to the poor and needy, and assisting in the marriage of the poor.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 102695
- Imported
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