we invested in ISA's, we found out the profit is haraam for us due to it being invested in wine etc. can we use this money for paying household bills? could we donate this money to non-muslims?
Question
The question text was not published separately; the title stands in for it.
we invested in ISA's, we found out the profit is haraam for us due to it being invested in wine etc. can we use this money for paying household bills? could we donate this money to non-muslims?
Answer
In principle, the profits accrued from a Haraam investment is also Haraam (strictly prohibited). The investor should terminate the investment and keep his capital contribution.
The profits accrued from the Haraam investments must be disposed off by giving it in charity to poor and needy Muslims. It is not permissible to use the money for any personal use including the paying of household bills.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
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.