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Posted by on Jan 2, 2013 in General, Q & A |

What to do with interest earnings

What to do with interest earnings

 

I have recently stopped interest earnings with my bank, could you please tell me what to do with the interest I have already received?

The interest that you have already received should be distributed to the poor without the intention of reward.

(Subulusalaam, volume 9 edition 6 page14)

A word of warning…

The Prophet (Peace be upon him) said;

“a Dirham (Currency used at the time) a man receives as interest is, in the sight of Allah, is more serious than 33 acts of fornication or adultery in Islam.”

(Tabrani)

Hazrat Abu Hurairah radiyallahu anhu reported that the Messenger of Allah sallallahu alaihe wasallm said;

“Usury has got seventy divisions. The easiest division of them is a man marrying his mother.”

(Ibn Majah)