The Ruling on Dealing with Banks Through Riba and Its Zakah
Machine translationRead the Arabic original
Q: Many people deal with banks, and some of these transactions may include forbidden transactions, such as riba, for example. Is there zakah due on this money? And how is it paid?
A: It is forbidden to deal with banks and others through riba, and all the interest resulting from riba is forbidden. It is not the property of its owner; rather, it must be spent in the causes of good if he took possession of it while knowing Allah’s ruling on the matter. However, if he did not take possession of it, he is entitled only to the principal of his capital. This is based on the statement of Allah (Mighty and Majestic): :[Al-Baqarah 2:278] So if you do not, then be aware of war from Allah and His Messenger. And if you repent, then yours is the principal of your wealth; you do not wrong, nor are you wronged. [Al-Baqarah: 278-279].
However, if he took possession of it before knowing Allah’s ruling on the matter, then it belongs to him, and he is not required to give it out of his wealth. This is based on the statement of Allah (Mighty and Majestic): : [Al-Baqarah: 275].
He is required to pay zakah on his wealth that is not from the profits of riba, just as he is required to pay zakah on his other wealth. This includes any riba profits that came to him before he knew the ruling, as they are part of his total wealth, based on the aforementioned verse. And success is from Allah.
A: It is forbidden to deal with banks and others through riba, and all the interest resulting from riba is forbidden. It is not the property of its owner; rather, it must be spent in the causes of good if he took possession of it while knowing Allah’s ruling on the matter. However, if he did not take possession of it, he is entitled only to the principal of his capital. This is based on the statement of Allah (Mighty and Majestic): :
O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers.
يَا أَيُّهَا الَّذِينَ آمَنُواْ اتَّقُواْ اللّهَ وَذَرُواْ مَا بَقِيَ مِنَ الرِّبَا إِن كُنتُم مُّؤْمِنِينَ However, if he took possession of it before knowing Allah’s ruling on the matter, then it belongs to him, and he is not required to give it out of his wealth. This is based on the statement of Allah (Mighty and Majestic): :
But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah. But whoever returns to [dealing in interest or usury] - those are the companions of the Fire; they will abide eternally therein.
وَأَحَلَّ اللّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا فَمَن جَاءهُ مَوْعِظَةٌ مِّن رَّبِّهِ فَانتَهَىَ فَلَهُ مَا سَلَفَ وَأَمْرُهُ إِلَى اللّهِ وَمَنْ عَادَ فَأُوْلَئِكَ أَصْحَابُ النَّارِ هُمْ فِيهَا خَالِدُونَHe is required to pay zakah on his wealth that is not from the profits of riba, just as he is required to pay zakah on his other wealth. This includes any riba profits that came to him before he knew the ruling, as they are part of his total wealth, based on the aforementioned verse. And success is from Allah.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.