Interest: Bank deposits and uses of the interest

Q287 :Is it permissible to use the interest I get on my bank account to repay the debts of my poor relatives and friends?


A287 : An increasing number of scholars are now in agreement that it is permissible to use the interest received from banks and other financial institutions for a good cause. I must state however, that this should not be treated as an encouragement to put one's money in interest-earning accounts. Perhaps I should explain that many scholars still maintain that one should not even handle interest money. However, when we look at the situation where the interest is paid by the bank, we find that there are four options for a Muslim:


Our Dialogue ( Source : Arab News - Jeddah )