Giving earned interest to charities and others : disposing interest money

Fatawa Question

Respected scholar, Assalamalekum WRB, I live in India and as you know we don’t have an Islamic bank concept here. In such a scenario it’s difficult to find an alternative to save ourselves from interest money generated from our savings in the banks. As advised in Islam we at our family set aside this money to give to poor and needy with complete realization that we don’t earn any rewards [Sadaqah] out of it and neither this money belongs to us. My concern here is, is it wrong or inappropriate to give this money to relatives / close relatives even when they are in dire needs of it ? [I mean we avoid it since this money is impure and we try to help from Zakah budget or from our own money] To elaborate further I have a maternal aunt who is a widow and has 4 girl children out of which 3 are from her Husband’s first marriage. I help her with my Zakah money for their day to day expenses by lending a certain amount every month. But at times I am unable to help as I would have my own commitments. Sometimes I feel like helping her with this interest money as at times they have more needs like now when an alliance has been worked out for one of the daughter or for one of other daughters' education which us crucial for her future. Please guide me in this regard stating whether or not I can use the interest money to help them, so as to do the best thing in the sight of Allah. Jazakallah Khair. Thanks and Regards, Rizwan

Fatwa

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Publication Date

2009-05-20

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Kinship
• Money
• Usury

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-729905

• APA
• MLA
• AMA