My bank offers a chance to earn Riba onto my personal account. So far I've declined to be involved in such matters, considering the punishment associated with Riba, but I've recently thought about earning interest from the bank and then donating the money to charity as sort of Robin Hood, take from the rich and give to the poor. What is Islam's ruling on this sort of thing?

asked 102 AvidLearner's gravatar image

To my understanding any money earned through Haram ways is considered sinful and can't be used to do good. Your intention is good but Allah teaches us not to take part in acts of Riba so that best thing to do is to continue doing what you are doing and not accept the Haram wealth.

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answered 101 CyperGhost's gravatar image

Asalaam o alaikum, Riba is forbidden,to receive, and to distribute.

And [for] their taking of usury while they had been forbidden from it, and their consuming of the people's wealth unjustly. And we have prepared for the disbelievers among them a painful punishment. [an-Nisa] 4:161

O you who have believed, do not consume usury, doubled and multiplied, but fear Allah that you may be successful. [al-Imran] 3:130

Here is a guide on Riba, to its fullest extent. http://learndeen.com/docs/research/Riba%20in%20Islam%20v0-4.pdf

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answered 3387 abyadgirl's gravatar image

aww,

your intentions are noble, but handling riba in any way is not allowed. Thus, you shouldnt accept the riba at all.

wwb

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answered 1792 mufti%20saab's gravatar image
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Asked: Dec 26 '13 at 08:34

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Last updated: Dec 28 '13 at 17:07


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