['Aalim Network QR] Deposit Interest for Charity

[Ummulbanin <workshop@popmail.dircon.co.uk>]

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|       In the Name of Allah, the Compassionate, the All-Merciful       |\
|  Greeting of Allah be upon Muhammad and the pure members of his House |\
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Assalamu 'alaykum

The following question was answered by Mulla Asgher.

Salaams & Duas,
Ummulbanin Merali - Moderator - 'Aalim Network
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QUESTION:

If I deposit a fixed amount of money in a bank for the sole purpose of
utilising the interest earned for a charitable cause, is it in order?


ANSWER:

To invest money with the purpose of earning interest is HARAM, and it cannot
be spent by the investor, because it does not belong to him according to
Sharia'. It belongs to Imam (A.S.) and therefore he will refer to the
Mujtahid for it's usage.


Asgherali M M Jaffer