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People have saving accounts in bank to save money in a secure place. And Salary accounts are also a kind of Saving account. Banks usually pay a small amount of interest after particular interval. My question is:
Is it ok to let the money come to bank account then withdraw it and give it to poor people. Or even this is still haraam? If so, then how to cope with it?
There's no doubt that this interest is ribaa which is prohibited by Islam as a form of thulm (wrongdoing). So the question is, how do you deal with it? Who's money is it, anyway?
There are two opinions of the scholars on this (source: Islamic finance class, don't have AMJA fatwa or anything like that on me):
Allah knows best. I would personally ask for a non-interest account, switch banks to get a non-interest account, or keep a total in a spreadsheet somewhere to eventually dispose of.
Riba is Haram.
Here, in my country, they offer online banking. I think this happens all over the world. So, I can create as much as accounts online. Then I have created a separate account for Riba and each month I transfer the interest to that virtual account via online banking. So, Riba doesn't mix up with my money and I don't need to care about that Riba. But I am not sure about giving it to a charity.
Another way is, talking to the bank not to give you interest. Some banks accepts this, some will say they will transfer it to another account automatically each month. Some says 'No'!.
Please note this also: Banks usually charge an amount for each ATM withdrawals you do. Some people account that withdrawal fee with this Riba. It's is a service charge from the bank and you can't pay that service charge using Riba.
Simply, do not use Riba, its haram
there are some kinds of accounts without interest but other benefits. if you could not find them. you can save your money in other way. for example buy stock of some company or gold or a land.
some scholars say if you do not want to receive any interest and Bank itself pay you then there is no problem.
anyway Islam wants to Muslims use their extra money for donation or lending to who need or partnership with other Muslims for doing business and sharing the Benefit or loss.
its better to not save your money in Bank or find a real Islamic Bank.
The general rule is that you are supposed to avoid interest as much as possible. Speaking from a United States perspective, there are plenty of checking accounts without interest. There are mutual funds that avoid financial stocks. There are halal home buying companies that let you buy a house without dealing with interest-based loans. And if you can't afford those, then there's nothing wrong with living in an apartment.
If you can't avoid it (for example, your landlord here in my state is required to give you interest on your security deposit), then you donate the exact amount when you get the money back.
Its riba ,its haram, please cut any kind of relationship with it, shut off the concept giving charity with it, only one safest possible solution is expend this money for feeding those animal which are haram to us, Also cut off the relationship with those people who are enjoying it
