Asking for the interest of depositing money in a bank

Q 3: Is it permissible to ask for the interest on the money of a deceased person when taking the money from a bank? If this is impermissible, should the interest be left for the bank to benefit from, or is there any other action to be taken?


A: If a Muslim dies leaving money in some Riba-based (usurious) bank accruing interest, it is impermissible for the heirs or the deceased's family to take this Riba-based interest, for Allah (Exalted and Glorified be He) prohibited Riba (usury/interest), and the Messenger of Allah (peace be upon him) cursed those who accept it, pay it, write for it, and witness it. At the same time, this interest should not be left to the bank; rather, it should be drawn out and spent at once in charitable projects, or acts of beneficence, like helping the poor, paying off the debts of an insolvent person, and so on. Whoever is in charge of this capital should draw it from the banks, as leaving it there is a way of assisting them in sin and transgression, unless the person is forced to do this. In this case, there is no harm in leaving it in the bank, but the interest should not be taken, as previously mentioned in the answer of the first question. (Part No. 13; Page No. 351)  May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.


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