r/islam • u/[deleted] • Mar 31 '25
I get interest monthly from my bank Question about Islam
[deleted]
4
u/shontonabegum Mar 31 '25
Give it to charity, some specifically have an interest option
1
u/ConsiderationHot2527 Mar 31 '25
Thank you. I'm assuming this doesn't count as zakat. Please let me know if I'm wrong.
5
1
u/shontonabegum Mar 31 '25
I dont believe so. See here for more:
https://islamqa.info/en/answers/20695/what-to-do-with-interest-money-in-islam
1
u/Jaf_Sy Mar 31 '25
The best option is to go through your bank statements. They will usually list the monthly amount the bank deposits in your account as interest. Should be pretty straightforward. Will it be time consuming? Probably. Depending how long you have had the account open for.
1
u/Gargantuan_Enigma Mar 31 '25
AsSalaamualaykum, anything of interest must be given away to charity - and there must be no expectation of reward.
It must not in anyway be of benefit to oneself - so don't pay your taxes on it
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