What to do with earned interest ? : to whom can interest money be given ?

Fatawa Question

I want to send some money to our brothers and sisters in Palestine. I am sending a mixture of Sadaqah, Zakah and interest money. The main groups in the UK I know use some of our donation towards administrative expenses. Now I have been told that if it is Sadaqah or Lillaah money used in admin, it is acceptable. Zakah from what I think should be distributed 100 % to the poor, and I don't know about bank interest. Now if I give it to the organization stating exactly what the money is and with the right intentions, would it be ok for me, or would I be also responsible if not all the Zakah is given to the poor. Please also tell me the facts about interest ; who it can be given to and whether it has the 100 % status as Zakah does ? Jazaakumullaahu Khairan.

Fatwa

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Publication Date

2002-10-07

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Islamic jurisprudence
• Money
• Alms tax
• Usury
• Charity

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-726244

• APA
• MLA
• AMA