Interest money
Question
Please I am from Tunis. My son has a million in a bank so after 11 years he find "agios" "faida". I want to ask you if he can spend this money for his study?
Answer
If you are referring to interest (usury), then interest is Haraam in Islam. Interest money should be disposed off by giving it in charity to the poor without the intention of receiving any reward.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.