What is the ruling on depositing money in a bank and giving the interest to the poor?
Machine translationRead the Arabic original
Question:
It is not permissible. This questioner says that she deposited her money in the bank and takes riba (usury or interest) on it, and gives it to the poor. This is not permissible. It is not permissible to take the interest and give it to the poor. However, the fatwa (scholarly legal ruling) is for the case where a person repents: if he was taking interest and then repented, and he has this interest, what should he do with it?
Answer:
He should get rid of it by giving it away. He cannot say, "I will continue to take the interest and give it to the poor." This is not permissible; this is haram (forbidden). Yes.
It is not permissible. This questioner says that she deposited her money in the bank and takes riba (usury or interest) on it, and gives it to the poor. This is not permissible. It is not permissible to take the interest and give it to the poor. However, the fatwa (scholarly legal ruling) is for the case where a person repents: if he was taking interest and then repented, and he has this interest, what should he do with it?
Answer:
He should get rid of it by giving it away. He cannot say, "I will continue to take the interest and give it to the poor." This is not permissible; this is haram (forbidden). Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم إيداع المال في بنك وإعطاء الفائدة للفقراء؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.