What is the ruling on a person who has repented and wants to withdraw his money from an interest-based bank, but there is interest attached to it?
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The questioner : I have a question. Many people have exerted themselves in... One of the brothers says: Regarding the money taken from the bank, for example, if one deposits money for a certain period in one of the banks, and when he takes his money out, he repents to Allah and wants to withdraw this money from the banks. There is interest now. If he leaves it in the bank, he is assisting in a haram. If he takes it from the bank, he gives it to the poor. What does he do with this interest that came out of the bank's affair?
The Shaykh : Before I answer your question.
The questioner: Yes.
The Shaykh : I will benefit you with a benefit in place of the benefit you are uttering, and others are.
The questioner : Riba.
The Shaykh : Do not call riba a benefit.
The questioner : This is riba.
The Shaykh : Do not let the current carry you away.
The questioner : Yes, this is riba.
The Shaykh : Repeat the question for me...
The questioner : So, what is the ruling now on the interest-based money that was taken from these funds that were deposited in the bank, now that it has become a reality?
The Shaykh : What are these funds?
The questioner : These are riba funds. What do we do with them? Do we throw them into the trash? What do we do with them?
The Shaykh : Do not leave them for them.
The questioner : We do not leave them for them.
The Shaykh : Because in that, we would be assisting them in their misguidance.
The questioner: Yes.
The Shaykh : And do not distribute it to individual poor people, because it is haram money.
The questioner: Yes.
The Shaykh : Rather, it is to be spent on public facilities, such as paving a road, building a bridge, clearing a path, and the like of things from which no specific person benefits.
The questioner : Yes, its benefit is general, and thus its sin is lifted from us, by the permission of Allah?
The Shaykh : If Allah wills.
The questioner : If Allah wills.
The Shaykh : On condition.
The questioner: Yes.
The Shaykh : Withdrawing the money, repenting to Allah, and not returning to it. Is that clear?
The questioner: Yes.
The Shaykh: Peace be upon you.
The questioner : And upon you be peace and the mercy of Allah.
The Shaykh : This is another matter. There is another matter. Shall I mention another matter?
The questioner : Yes, by Allah, there is a question, but I see you are in a hurry. I do not want to delay you, but I will ask you again another time, if Allah wills.
The Shaykh : Another time. Peace be upon you.
The Shaykh : Before I answer your question.
The questioner: Yes.
The Shaykh : I will benefit you with a benefit in place of the benefit you are uttering, and others are.
The questioner : Riba.
The Shaykh : Do not call riba a benefit.
The questioner : This is riba.
The Shaykh : Do not let the current carry you away.
The questioner : Yes, this is riba.
The Shaykh : Repeat the question for me...
The questioner : So, what is the ruling now on the interest-based money that was taken from these funds that were deposited in the bank, now that it has become a reality?
The Shaykh : What are these funds?
The questioner : These are riba funds. What do we do with them? Do we throw them into the trash? What do we do with them?
The Shaykh : Do not leave them for them.
The questioner : We do not leave them for them.
The Shaykh : Because in that, we would be assisting them in their misguidance.
The questioner: Yes.
The Shaykh : And do not distribute it to individual poor people, because it is haram money.
The questioner: Yes.
The Shaykh : Rather, it is to be spent on public facilities, such as paving a road, building a bridge, clearing a path, and the like of things from which no specific person benefits.
The questioner : Yes, its benefit is general, and thus its sin is lifted from us, by the permission of Allah?
The Shaykh : If Allah wills.
The questioner : If Allah wills.
The Shaykh : On condition.
The questioner: Yes.
The Shaykh : Withdrawing the money, repenting to Allah, and not returning to it. Is that clear?
The questioner: Yes.
The Shaykh: Peace be upon you.
The questioner : And upon you be peace and the mercy of Allah.
The Shaykh : This is another matter. There is another matter. Shall I mention another matter?
The questioner : Yes, by Allah, there is a question, but I see you are in a hurry. I do not want to delay you, but I will ask you again another time, if Allah wills.
The Shaykh : Another time. Peace be upon you.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.