Financial Transaction

Making use of interest money

It is Haraam to use interest money. To use it means to use it for food, for buying things for personal use, for construction of a house or a toilet. Thus, all these ways of use are Haraam. Similarly, it is not permissible to use it for payment of fines and taxes. If a person received interest money, then he must give it to the poorest of people who do not have any Halaal money to meet their needs. A person must not use it for his personal need.

Haraam income

An income which is earned through a means prohibited by the Sharī'ah is termed as "Haraam income". For example : money acquired through interest, horse racing, lottery, gambling in casinos and by stealing are all Haraam.

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