Back to search
The question

Is it permissible to deposit money in an Islamic bank with a monthly return, and then spend the questionable return (usury/interest) on charitable causes such as building hospitals and restrooms?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to deal with usurious banks for the purpose of taking interest and using it for the benefit of Muslims, as this involves striving to acquire unlawful money and aiding those banks in sin. As for one who repents from usurious transactions, the interest is not lawful for him, and he must dispose of it by spending it on thealthings that benefit Muslims, and not by leaving it with the banks. However, dealing with Islamic banks that adhere to is permissible, and their profits are lawful.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
36553
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy