Disposing of the interest on deposits in riba banks
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. This questioner says: A person has interest on money deposited in a bank without his choice. Does he take this riba interest and give it to a poor person who needs it? Then, does he inform him that it is forbidden money? Or what does he do with these interests?
Answer:
The scholars (may Allah have mercy on them), such as Shaykh al-Islam Ibn Taymiyyah and others, detailed this matter. They said that if a person repents from riba—a person who dealt in riba then repents, and he has accumulated wealth from riba—he must dispose of it. He disposes of it by placing it in public projects, not as charity, but as lost money that has no owner, so he gets rid of it. As for the riba money that he has not received, which is in the banks or in the debts of people, he leaves it and does not receive it, so he is safe from its evil.[Al-Baqarah 2:279-280] If they have riba debts on people or a balance in the banks from riba, and they repent to Allah, they leave it and do not take it.
May Allah reward you, Honorable Shaykh. This questioner says: A person has interest on money deposited in a bank without his choice. Does he take this riba interest and give it to a poor person who needs it? Then, does he inform him that it is forbidden money? Or what does he do with these interests?
Answer:
The scholars (may Allah have mercy on them), such as Shaykh al-Islam Ibn Taymiyyah and others, detailed this matter. They said that if a person repents from riba—a person who dealt in riba then repents, and he has accumulated wealth from riba—he must dispose of it. He disposes of it by placing it in public projects, not as charity, but as lost money that has no owner, so he gets rid of it. As for the riba money that he has not received, which is in the banks or in the debts of people, he leaves it and does not receive it, so he is safe from its evil.
(279) And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged. (280) And if someone is in hardship, then [let there be] postponement until [a time of] ease. But if you give [from your right as] charity, then it is better for you, if you only knew.
وَإِن تُبْتُمْ فَلَكُمْ رُءُوسُ أَمْوَالِكُمْ لَا تَظْلِمُونَ وَلَا تُظْلَمُونَ وَإِن كَانَ
Source
قناة «العلامة الدكتور صالح الفوزان»، اللقاء الأسبوعي-26 من 32-لفضيلة الشيخ صالح بن فوزان الفوزان -حفظه الله- مشروع كبار العلماء — youtube.com (5:51)
The Arabic text is a machine transcription of the audio recording.