What to do with earned interest ? : use of interest money : [3]

Fatawa Question

Are Muslims allowed to take interest that banks pay on their money ? As we know, banks in U.S. pay interest, so what should Muslims do with the interest earned on the money that they keep in these banks ?

Fatwa

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Publication Date

2002-03-04

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

Data Type

Fatawa

Language

English

Record ID

BIM-726194

American Psychological Association (APA)

Qahf, Mundhir. 2002-03-04. What to do with earned interest ? : use of interest money : [3]. .
https://search.emarefa.net/detail/BIM-726194

Modern Language Association (MLA)

Qahf, Mundhir. What to do with earned interest ? : use of interest money : [3]. 2002-03-04.
https://search.emarefa.net/detail/BIM-726194

American Medical Association (AMA)

Qahf, Mundhir. 2002-03-04. What to do with earned interest ? : use of interest money : [3].
https://search.emarefa.net/detail/BIM-726194