Monthly Renaissance
Renaissance
Islamic Journal·Pakistan
Articles
All ArticlesWritersTopics
Issues
All IssuesSpecial Issues
QueriesE-BooksSupport
Monthly Renaissance
Renaissance
Islamic Journal·Pakistan

A journal of Islamic research in continuous monthly circulation since 1991. Published by Al-Mawrid.

Read
ArticlesIssuesQueries
Browse
WritersTopicsE-Books
About
AboutTeamSupportContact
Monthly Renaissance
EST. 1991 · LAHORE
MADE WITH ♥ BY TABLETURNERR.COM
© 2026 AL-MAWRID
Archive/Vol. 13 · № 5/Expending Interest received from Banks
ARTICLE ID q223
In this issue
Men of Action not HermitsSurah al-Baqarah (236-242)Researcher’s Companion to Ghamidi’s Surah al-Baqarah (236-242)The Qur’ānic Term ‘Indhār’Rights and Obligations of the SpousesTo My Sisters in GodJesus (sws)  in the Qur’ānNever Quit

Reading
1 min · 166 words
Economic Issues
— Economic Issues —

Expending Interest received from Banks

SM
Saadia Malik
May 2003 · 1 min read

If you are receiving interest in a current bank account, can the interest funds be used for good causes, without any intention of reward from Allah? Please throw some light on it.

I believe, ‘yes’. In fact, using those funds to help the needy or investing them in a noble cause, without expecting rewards in return, is the best possible attitude one can adopt. In today’s world, where interest is deeply ingrained in society, adopting a charitable attitude seems to be the best option, when it is not in one’s authority to change a system or to eliminate the evils within a system. Since consuming such an amount is obviously prohibited, the only legal venues for such funds seem to be the doors of the needy. So, please do continue in this direction, and as you very rightly point out, without granting it the status of earning reward from God, for that can only be a product of some form of income which is not prohibited.


SM
Saadia Malik

View all articles →
— Related reading —

Inheritance of an Orphaned Grandchild

The Qur’ān has not explicitly mentioned the share of a grandfather in the legacy of his grandchild nor that of a grandchild in the legacy of his grandfather. However, since the words أولاد ( awlād ) a...

Javed Ahmad Ghamidi · 7 min

Distribution of Inheritance

The Islamic law of inheritance is mentioned in the eleventh and twelfth verses of Sūrah Nisā’. In these verses, the Almighty has promised eternal punishment for those who have the audacity to change t...

Javed Ahmad Ghamidi · 6 min

Insurance

Insurance is a sort of contract for mutual help in which people pay a fixed amount in installments. The purpose is that if any of them is inflicted with losses relating to their persons or their wealt...

Javed Ahmad Ghamidi · 4 min
Tools

Cite
Saadia Malik (2003). Expending Interest received from Banks. Monthly Renaissance, 13(5).