Giving earned interest to charities and others : giving interest money to needy family members

Fatawa Question

Assalamu Alaykum I hope you are doing well. I also hope that your family is doing well too. We have two questions that we are hoping you can help us with : 1. Can interest money be spent on family who are in need ? There is a guy who has money in the ban which he collects interest on. He wants to clean his money now after knowing this money may not be Halal. He has a family back home which is in need of a car. He is asking if he can spend this money to buy them a car. 2. We have a brother who lent another brother a substantial amount of money as a no-interest loan. The lender was expecting his money back within a short period. And therefore, he was paying Zakah on it every year. Now, it has been a long time and it does not look that the lender will be getting the money back any time soon (especially in this economic situation, according to the lender). Does he still have to pay for the Zakah el-Mal on this money ? Jazak Allah Khairun for the help. I hope to hear from you soon InShaAllah. Salamu Alaykum Sherif

Fatwa

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Publication Date

2009-04-27

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Islamic jurisprudence
• Kinship
• Poor
• Debts
• Money
• Wages
• Usury
• Charity

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-729908

• APA
• MLA
• AMA