Linked Questions

6
votes
2answers
691 views

What to do with interest paid by banks? [duplicate]

I am being paid interest into my bank account and not really sure who to give it to. Is it simple enough for me to donate it to the mosque or does it have to be donated to somewhere specific?
3
votes
0answers
316 views

Interest on the Savings account [duplicate]

Salaam, My question is about the interest the banks pay on the savings accounts that you maintain with them. The banks generally use your money lying in the account and invest it in the market, they ...
1
vote
0answers
64 views

what should be done with bank account interests to avoid riba? [duplicate]

Possible Duplicate: How to cope with interest payed by banks? If you have an account in a bank that automatically puts an interest rate on it , how can someone in this case avoid being in Riba ? ...
5
votes
4answers
10k views

Is it ok to pay interest debt with interest money?

Assalaamu aleikum, this query has been on my mind for quite a while now. I was wondering if it is ok to pay interest debts with interest money. For instance, I have a few friends who's bank accounts ...
8
votes
1answer
8k views

What to do with the Riba (interest) money? [duplicate]

I have some interest money in my account and I recently came to know it is haram. I want to get rid of it. Please tell me the ways to spend it. Can I spend it as wedding or birthday gift to my ...
12
votes
1answer
4k views

Can a Muslim borrow money from his own 401(k) plan, with interest?

I understand from this, and other related questions, that Muslims are not permitted to charge interest on loans. This brings up a question for me: In the U.S. many people have 401(k) retirement plans, ...
1
vote
3answers
2k views

Intention to get rid of Riba money?

I have some Riba money in my account. With what intention do I get rid of this money from the list below? Lillah Sadaqah Zakat Sadaqah Wajibah Fidya (Kaffarah) I have been presented with these ...
3
votes
1answer
338 views

Is profit from bank on your money is halal or haram?

As we saved our money in bank e.g( national-saving bank) for a period of 4 to 5 years and we get profit on that money according to our savings. Is that profit on our money is halal or haram as because ...
1
vote
0answers
48 views

Utilization of profit on saving account [duplicate]

I have saving account in a bank. I obtained profit of Rs. 12500/-. It is interest? How can i get rid of this amount? Can i give it to my brother who is needy right now? Thanks and regards
0
votes
0answers
29 views

Question Regarding Riba

Salam Brothers & Sisters, I am well aware of the dangers of riba - However i am in a situation where i would like some answers. I will save you the story - but to summarize, i am unable to ...