Disposing of riba money in the bank
Machine translationRead the Arabic original
Question:
This questioner asks about the money that has accumulated in the bank from riba (usury or interest) profits: should he leave it with the bank, or should he take it and dispose of it among the poor and needy?
Answer:
If he has repented to Allah from dealing in riba, and he has money that has accumulated from riba, and he has repented to Allah the Exalted and resolved not to deal in riba, then he should place this money in channels that benefit people; because it is like lost money that has no owner. However, if he says, "I will deal with the bank and take the profits," and he continues with this and spends it on this, this is not permissible. Riba is forbidden, and charity from what is forbidden is not accepted.
This questioner asks about the money that has accumulated in the bank from riba (usury or interest) profits: should he leave it with the bank, or should he take it and dispose of it among the poor and needy?
Answer:
If he has repented to Allah from dealing in riba, and he has money that has accumulated from riba, and he has repented to Allah the Exalted and resolved not to deal in riba, then he should place this money in channels that benefit people; because it is like lost money that has no owner. However, if he says, "I will deal with the bank and take the profits," and he continues with this and spends it on this, this is not permissible. Riba is forbidden, and charity from what is forbidden is not accepted.
Source
نور على الدرب - الفوزان - 03/218 — archive.org (9:10)
The Arabic text is a machine transcription of the audio recording.