Using interest money to pay obligations : heeling family financially from interest money

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, I help my family financially. Can I give them the bank interest money. I base my statement on your answers here. http://www.islamonline.net/servlet/Satellite?pagename=IslamOnline-English -Ask_Scholar/FatwaE/FatwaE&cid=1119503547716 ? You need to dispose of this interest money by giving it to some Muslim charitable purposes to keep your own money clean. ? http://www.islamonline.net/servlet/Satellite?cid=1119503543094&pagename= IslamOnline-English-Ask_Scholar%2FFatwaE%2FFatwaEAskTheScholar ? Such interest must be spent for the general welfare of Muslims and their communities.? So, If you said we can give interest money to Muslim charities, might as well give it to my jobless brothers and my widowed mother ?????-2nd question : banking in USA and Canada is not free. See, you put your money in their banks and when you want to take your money for regular use, they will charge you for that. They may give 20 to 30 transactions free of charge but after that they will charge you when you want to use your debit card or check (to take your own money)..How ridiculous... Since they are doing this to us, can we use the bank interest they give to pay some of these banking fees ??? Thank you

Fatwa

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Publication Date

2007-05-21

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-785807

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