In what avenues can interest money be spent
Q: Generally, in what avenues can interest money be spent? Is it also permissible to pay traffic fines with interest money?
Interest money
Do we receive interests from conventional banks or dividends
Q: My question is that do we receive interests from conventional banks or is it dividend? As far as i know, conventional banks use our money to invest and the profit received is shared among clients. Now, the money may have been invested in companies which we do not know if they are "halaal" or not. But the question remains that is the money received is called dividend or interest?
Paying traffic fines with interest money
Q: Can I pay pay my traffic fines with interest money?