Is it obligatory to withdraw bank interest from the account, or is it permissible to give the same amount in cash as charity?
Depositing money in interest-based banks with an increase is forbidden. Whoever does not find a non-interest-based bank should place their money in a "current account." And whoever is given usurious interest must dispose of it by spending it on charitable causes. It is not permissible for him to deliberately deposit money in an interest-based bank to receive these interests. To dispose of usurious interest, it is not a condition that it be from the exact money deposited in the bank; rather, it is sufficient to give out the amount of forbidden money from a person's wealth in general, for money is not specified by designation, and similarly for .
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/18077
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 18077
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy