I was unable to open a checking account at my bank and so opened a savings account that has since been credited with some interest. What should I do with this interest?
I was unable to open a checking account at my bank and so opened a savings account that has since been credited with some interest. What should I do with this interest?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 years ago
If the bank is owned by non Muslims, and you did not put a condition on them to pay you interest, you can use that amount which is given by them willingly.
If the bank is owned by Muslims, you may give that additional amount to the poor.
Wassalam.