Question ID 557 - Zakat and Khums - 2013-07-02 08:15:01 |
Assalamalaykum,
I am under the Taqleed of Ayatollah Seestani.My husband has kept Rs 25 Lakh as a fixed deposit in an Indian Bank since last 2 years.We get an annual interest of 9% on a monthly basis.We did not put any condition as such in front of the bank to pay us this much.We have absolutely no other source of income.We use the interest thus generated for our daily expenses and to support our large family.My queries are as under:
1-Is the interest Halal or Haram?
2.Can this money be used for religious functions like Nazaro Niaz,Majlis e Isaal e Sawaab etc?
3.What are the Khums ahkam on such interest received and for the entire amount of Rs 25 Lakh at the end of the year?
Jazak Allah
Hope for a speedy reply.
Feeamanillah. |
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Answer:- Interest given by non Muslim bank is allowed.
Lawful money can be spent in religious purposes.
Khums must be paid at the end of the year,so, the whole amount of 25 must be applied for Khums as it is with you since more than year. The income which is received must be calculated if any thing remains after spending your lawful usual expenses.
Wassalam.
Mohammadbal-Musawi
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