My account has interest on it. What should i do to make ammends? I was thinking of telling the bank to cut the interest from my account so there wouldnt be anymore interest

· 23 Rajab 1427 AH1 min readFatwa 14491English
Finance and Commerce

Question

My account has interest on it. What should i do to make ammends? I was thinking of telling the bank to cut the interest from my account so there wouldnt be anymore interest. But what would i do with the money thats in the account from before. should i give it to charity?

Answer

It is not permissible to deliberately earn interest. However, if you have received interest due to using some facilities of the Bank, you should calculate the amount and dispose of it by giving it to the poor and needy.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
Ask AskImam

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.