Need help with riba'!

BADTASTEBEARS

BADTASTEBEARS

Fear Allah
:salam2:

Heres my problem. Years ago i deposited my $$$ in a bank and had no idea about riba'. I have like a few thousands inside.

I just found out about riba' and I dont wanna displease Allah swt and be in the Hellfire, na'udzubillah! Please tell me what can I do and how to inform my parents abt it?

wassalam.
 
arzafar

arzafar

Junior Member
you should remove the money form the savings account and put it in an interest free account.

The correct advice is to not deposit money in the bank at all (unless it's an islamic bank) because the bank use our money in their riba based business.

The 100% correct method would be to not use paper currency at all and go back to using gold and silver. LOL!
 
BrotherInIslam7

BrotherInIslam7

La Illaha Illa Allah
Staff member
Salaamalaykum brothers,

it we would be better, dear brothers if we refrain from giving our personal suggestion and refer to the Ulema for such matters.

The scholars of the Standing Committee said:

The interest which the bank pays to depositors on the money that they deposit is considered to be riba (usury, interest), and it is not permissible to make use of this money. The person must repent to Allaah from depositing money in riba-based banks, he should withdraw the money that he deposited and the interest, then keep his original amount and spend the interest in charitable causes, such as on the poor and needy, renovating public facilities, and so on.

Fataawa Islamiyyah, 2/404.

Shaykh ‘Abd al-‘Azeez ibn Baz (may Allaah have mercy on him) said:

With regard to the interest that the bank gives you, do not give it back to the bank and do not consume it, rather spend it on charitable causes such as giving it to the poor, renovating public washrooms, and helping debtors who are unable to pay off their debts.

Fataawa Islamiyyah, 2/407
Click to expand...

Link :- http://www.islam-qa.com/en/ref/20876

Wasalaamalaykum waa rahmatullahi
 
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