Opening interest-based account : is a money market account Riba based ? can we use earned interest to pay for taxes ?

السؤال

I deal with a credit union bank. This bank has loans activities as well as investments activities e. g. Money Market Investment. At the end of the fiscal year, I receive the financial statement that shows the percent of each activity. I always isolate the percent of loan activities that the bank issues (the percent of the loan earning to the total bank earnings) and consider this the Riba part of the interest. I also use this part to pay the Tax in the USA. How allowable is this act ?. Thanks. To clarify on the Money Market, the money can be loaned to big corporations. Is this still considered Riba even if all in all are calculated and risk weighted. Is not it an investing process not really a loan process ?

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2002-12-25

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• الاستثمارات
• الأسواق المالية
• الضرائب
• الربا
• الرهن العقاري

عدد الصفحات

3

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-725816

• APA
• MLA
• AMA