Accumulating interest money
Question
My bank used to pay me interest before I stopped it. Is zakat due on this interest money?
Answer
It is not permissible for one to intentionally accumulate interest money. However if interest money had come in one's possession unintentionally, one should immediately dispose of it through giving it to the poor without the intention of reward. Zakaat is not waajib on such impure money.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
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