Do the judge and his colleagues, who reject bank interest, incur the sin of usury if they participate in a housing project where a monthly sum is deducted from their salaries along with semi-annual installments, and these are deposited into a bank account for the project that deals with interest, knowing that the club executing the project believes that these interests will reduce the final cost of the apartment? And is it permissible, from an Islamic perspective, to allocate an account for those who wish to pay without interest, or to donate the interest amount to charitable organizations after the sale and delivery are complete?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If an employee has no choice but to deposit installments into an interest-bearing account, then the sin of the deposit falls upon those in charge of the project. The employee must dispose of the usurious gains by spending them on charitable causes and public welfare for Muslims.
Summarized from the full answer at Ftawy · imported
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