Disposing of a house purchased with a riba (usury or interest) loan

Question:
Welcome, Honorable Shaykh. This questioner says: I bought a house and took out a loan from a riba bank. I was ignorant of the ruling at the time, and I was far away from my children in college. The loan term is eight years; I have paid for four years, and the rest remains. What should I do now? Should I sell the house and deposit the money in the bank until I am done with what I did, or should I keep it and then rent it out?

Answer:
If you sell it and pay the bank the amounts I have specified for you, there is no harm. If you rent it out and instruct the bank regarding the renter, because the bank is a burden upon you, and the extra amount the bank added to it, you should give it in charity in return. So, calculate the increase that was built upon it, and give in charity the amount of money that corresponds to it to get rid of it. Perhaps Allah will accept your repentance. May Allah forgive you, Honorable Shaykh.