Interest from the bank
Q: Is bank interest in India acceptable for a Muslim?
Interest money
Disposing of interest money
Q: A person accrues R50 of haraam interest in his bank account. From his wallet, he gives R50 in cash to a poor person with the intention of disposing of this accumulated interest in his bank account. Has he disposed of the R50 interest, noting that the actual ‘interest R50’ is still in his bank account?
Paying fines with interest money
Q: I recently learnt that it is permissible for a Muslim to use interest money to pay fines, toll fees and vehicle licensing fees. Is this correct?
Paying of taxes with interest money.
Q: The haraam of corruption is so deep routed into the system so much so no work can be achieved especially from government organisations without paying the ransom money [bribe]. This is demanded as a rule and even what is rightly due to us cannot be obtained without giving into to this zulm. Under these circumstances can one pay off this amount with interest money obtained from the banks instead of paying from our hard earned halaal sources?
Disposing of interest money
Q: Me and my brother take care of my uncle's family and their daily needs. My question is I get some interest from the banks on my savings. Can I use that money for managing their expenses? If yes then do I need to make some niyyah or something ?
Interest
Q: Interest is considered to be a strong haraam and a grave sin, but isn't interest needed as a fundamental basis for starting a bank and being able to
hand out loans?
Giving bribes
Q: Although bribes are prohibited in Islam the situation in my country is such that the government officials depend on bribes without which our work does not get done and we suffer the consciences of the work not getting done. In other words it is a ZULM on us from which we have no escape. Under these circumstances can one utilise interest money to overcome this situation. Please advice.
Buying food for pets with interest money
Q: Is it permissible to use interest money to buy food for pets?
Disposing of interest money
Q: Interest earned from a bank account can be spent on what and on whom? Please advise?
Disposing of interest money
Q: Are we allowed to give interest money from the bank to needy Muslims? Or is it better to give to non-muslims only?