Fatwa ID: 02797
Answered by: Maulana Imran Mughal
Question:
Assalamu Alaikum Wa Rahmatullah
I have P&L A/C from received interest.
In which purpose should I spend the interest money?
بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم
Assalamu Alaikum Wa Rahmatullah
Ideally speaking a person should never allow himself to be part of interest-based transactions, whether they work in his favour or not. The first step is to figure out a way in which you no longer receive benefits from interest.
If you have received interest money then you must give it away in charity without the intention of receiving rewards for doing so.
Only Allah Ta’ala knows best
Written by Maulana Imran Mughal
Checked and approved by Ustadha Sabrina
Darul Ifta Birmingham