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The question

Is it permissible to receive bank interest and spend it on charitable projects such as lighting up villages, supporting hospitals, and assisting young people with marriage?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is impermissible to open an account in an interest-based (usurious) bank except out of necessity, such as fear of money theft and the unavailability of an Islamic bank. The account must be a current account. As for the usurious interests, they must be disposed of by spending them on the welfare of Muslims, such as supporting hospitals, illuminating roads, giving charity to the poor and needy, and assisting in the marriage of the poor.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
102695
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.
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Read the full answer on Ftawy