Disposing of interest earnings and using such earnings to pay taxes.
24 Aug 2011 11:19 GMT
 
My husband and I did not want to take any interest from the bank because we know that it is unlawful in Islam. Then my husband had an idea: take the interest earnings from all the accounts and open a special account for them and use this account exclusively for the payment of taxes. When we asked the local sheikh, he said it was a smart idea that needs a special ruling. Please help us with your opinion.

Answered by

Sheikh `Abd al-Wahhâb al-Turayrî, former professor at al-Imâm University in Riyadh

It is permissible to keep an account in a bank that deals with interest in case you cannot find an Islamic bank. However, you may not benefit from any interests accrued by that account. If some interest is added to your account, you can dispose of it by spending it on public premises or for needy people. You must do so with the intention of ridding yourself of the unlawful money and not with the intention of charity.

You may not receive any personal benefit from the interest earnings whatsoever. By using those interest earnings to pay the taxes you would still owe had you not received that interest, you are obtaining a material benefit from the interest.

And Allah knows best.

Source: Islam Today



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