What to do with earned interest ? : use of earned interest [1]

Fatawa Question

Is money acquired as interest from bank savings permissible for use to pay personal income tax ? as a Muslim living in a western environment banks are used as to facilitate money transactions primarily and to keep money safely. That it has attracted interest had been the intention. As Salaams.

Fatwa

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Publication Date

2001-03-31

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726173

American Psychological Association (APA)

Qahf, Mundhir. 2001-03-31. What to do with earned interest ? : use of earned interest [1]. .
https://search.emarefa.net/detail/BIM-726173

Modern Language Association (MLA)

Qahf, Mundhir. What to do with earned interest ? : use of earned interest [1]. 2001-03-31.
https://search.emarefa.net/detail/BIM-726173

American Medical Association (AMA)

Qahf, Mundhir. 2001-03-31. What to do with earned interest ? : use of earned interest [1].
https://search.emarefa.net/detail/BIM-726173