Q: I live in India, and employed in a company. I get my salary in cheque which would be deposited to my 'saving account in the bank'. It generates interest after every two or three couple of months according to the norms. I pay income tax on my salary and if the interest that is generated reaches a particular amount then I have to pay tax on that also. My question is: Can I use that interest amount in exchange of the income tax I pay?
Q: Can I use interest money to build a toilet for my personal use?
Q: I have 5 bank accounts in india and all are giving interest on my deposited money. when i got interest i will write in my diary date and amount and after all banks have given interest i will add and sent all the amount to charity like patient or orphan for education etc. but this amount i will sent from one bank. my question is my method do doing interest money is correct or shall i withdraw cash from each bank separtely and pay for charity. please expplain the right method of interest payment.
Q: Can we utilize saving bank accounts interest money to release non-habitual prisoners, advocate fees and legal aid staffs salary who work on this project either Muslim or Non-Muslim?
Q: I have a saving account and the bank is giving interest on my account every quarterly. Is the interest haram in shariyah? Accordingly to shariyah, what should I do with that money? Can I donate it to poor people or give it to poor and needy needy relatives?
Q: I have both a current account as well as a savings account at a bank. The savings account is interest-bearing.
In disposing of the interest earned on the savings account, can the interest amount be paid out of the current account or can it only be paid out of the savings account as the interest was earned on this account?
Q: May I use interest money to pay airport taxes?
Q: Can interest money be used to pay off traffic fines?
Q: I checked my bank statement and I realized that I consumed interest money unconsciously. What should I do to expiate it?
Q: Can interest money be used to pay for lawyers fees and government fines?