What is the ruling on disposing of bank interest?
Machine translationRead the Arabic original
Question:
Regarding a person who was given interest by the bank and decided to spend this interest on building bathrooms, for example, or something similar?
Answer:
There is no harm in that; bathrooms, or repairing roads, or something similar.
Q: If he has poor relatives, is it permissible for him to give to them without informing them?
A: If they are eligible for zakah, it is not obligatory to inform them. Yes, it is not obligatory to inform them, unless he is in doubt, saying, "Perhaps it is zakah," whether they are from those eligible for it or not.
Regarding a person who was given interest by the bank and decided to spend this interest on building bathrooms, for example, or something similar?
Answer:
There is no harm in that; bathrooms, or repairing roads, or something similar.
Q: If he has poor relatives, is it permissible for him to give to them without informing them?
A: If they are eligible for zakah, it is not obligatory to inform them. Yes, it is not obligatory to inform them, unless he is in doubt, saying, "Perhaps it is zakah," whether they are from those eligible for it or not.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.