Interest (sood) ke paise se kiya karna chahia?
Q: Jo bank interest (sood) ata hai use kya karna chahiye le kar kis ko dena hai
interest money
Donating interest accrued in a provident fund
Q: I have a saving dividend (interest money) with my provident fund and will receive it when I resign or retire. Without expecting reward from Allah Subhanahu wa Ta'ala, may I donate the money to needy people from my current income?
Using interest money to offset bank charges
Q: A business bank account was opened with Nedbank. Upon opening the bank account an investment(call) account had to be opened in parallel( for international money transfer ). The investment accounts generates interest. Can the interest be used to offset bank charges?
Dealing in riba
Q: Is giving haraam money (riba) to someone else haraam? And is it haram to receive the haraam money that someone gave him?
Using interest money to build an owl box
Q: Can a person use interest money to install an owl box and bat house on his property?
Receiving interest on a loan
Q: My friend is asking me for Rs.100 for a business and he is telling me that he will give me the money after 1 week along with 2.3% of the Rs.100, that is after 7 days he will give me Rs.116. Can I take this Rs.116 or is it haram?
Moreover he is telling me how much you give me I will give you after 7 days with 2.3% of your invested money. Please clarify, if it is halal I will proceed otherwise I will not.
Using interest money to build toilets
Q: Can we use interest money to build toilets in our home or can we donate it (the interest money) to the musjid for building toilets?
Using interest money to pay off interest from a bank
Q: My father started a business, but after some time, one of his staff engaged in fraud, causing the business to become bankrupt. Now, because my father owes money to many customers, he took a loan from the bank to pay them back. However, this loan is accumulating interest which my father will have to pay to the bank. Can I use the interest money that accrues on my account which is separate to my father’s account, to pay the interest amount that my father owes to the bank?
Using interest money for medical treatment and constructing toilets
Q:
1. Is it permissible to take money from an NGO or Charitable trust for medical treatment (Person who needs the money isn't capable enough to manage the expenditure)
2. Can we use interest money (Savings Bank account) for medical treatment of poor people.
3. Is it permissible to use money from interest received from a non Islamic bank for the purpose of construction of his/her own toilet.
Disposing of interest money
Q: Can we give the interest money to the poor or needy?