I wish to donate bank interest credited by my bank on the understanding that I am not allowed to utilize it. Can I deduct bank charges and give away the net amount?
I wish to donate bank interest credited by my bank on the understanding that I am not allowed to utilize it. Can I deduct bank charges and give away the net amount?
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 5 years ago
Yes you can do so although it is not forbidden to utilize any amount added on your money if you did not put a condition of usury or interest.
Wassalam.