Avoiding taxes by using the system’s loopholes : avoiding tax on interest earned

Fatawa Question

Dear Sir, I am wondering about what Islam says on me, where a friend of mine put his money on my account with interest. I don’t make any benefit of this money. The use of that for my friend that he won’t pay the taxes on his earns. He said that the Riba money will be spent on good work. I hope you answer me in English. Thank u very much.

Fatwa

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Publication Date

2002-09-25

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726917

American Psychological Association (APA)

Qahf, Mundhir. 2002-09-25. Avoiding taxes by using the system’s loopholes : avoiding tax on interest earned. .
https://search.emarefa.net/detail/BIM-726917

Modern Language Association (MLA)

Qahf, Mundhir. Avoiding taxes by using the system’s loopholes : avoiding tax on interest earned. 2002-09-25.
https://search.emarefa.net/detail/BIM-726917

American Medical Association (AMA)

Qahf, Mundhir. 2002-09-25. Avoiding taxes by using the system’s loopholes : avoiding tax on interest earned.
https://search.emarefa.net/detail/BIM-726917