Miscellanious on interest : earning interest, disposing of earned interest and paying interest

Fatawa Question

Assalamu Alaikum the question concerns Interest or Riba. What shall I do with the Interest I earn from the banks in India. I am not using it for my personal use--should I just leave it at the bank or can I use it for some purpose. Secondly for most of the things like a House, car or Motorcycle you have to take a loan--is it permissible.

Fatwa

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Publication Date

2001-01-31

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-726735

American Psychological Association (APA)

Qahf, Mundhir. 2001-01-31. Miscellanious on interest : earning interest, disposing of earned interest and paying interest. .
https://search.emarefa.net/detail/BIM-726735

Modern Language Association (MLA)

Qahf, Mundhir. Miscellanious on interest : earning interest, disposing of earned interest and paying interest. 2001-01-31.
https://search.emarefa.net/detail/BIM-726735

American Medical Association (AMA)

Qahf, Mundhir. 2001-01-31. Miscellanious on interest : earning interest, disposing of earned interest and paying interest.
https://search.emarefa.net/detail/BIM-726735