Home | Fatwa | Business | Intentionally acquiring interest to help the poor

Intentionally acquiring interest to help the poor

 

Nasihah (Advice): The result in having greed for interest

 

Rasulullah Sallallahu Alayhi Wa Sallam said: “There is no one who deals in usury a great deal (to increase his wealth) but he will end up with little (i.e., his wealth will be decreased).” (Ibn-e-Maajah)

 

__________________________________________

 

Question and Answer:

 

  1. Q. Can I enter into an interest bearing transaction with the intention of distributing the interest in charity after the transaction is completed?

 

 

(Question published as received)

 

 

  1. It is not permissible to enter into an interest bearing transaction even with the intention of distributing the interest in charity to the poor and needy. Rasulullah Sallallaahu Alayhi Wasallam cursed the one who accepts interest and the one who pays it. (Muslim)

 

 

And Allah Knows Best

 

Mufti Ismaeel Bassa

 

Confirmation:

Mufti Ebrahim Desai

Check Also

Practical Advice on quitting smoking

Nasihah (Advice): Curbing one’s unlawful desires   Allah Ta’ala states in the Noble Qur’aan, “But …

Isale Sawaab for my parents

  Question I have in the past built a mosque for my deceased parents and …