Q: What should a charity do with interest (riba), and income generated from interest, that it receives? Our charity receives Haram Interest from individuals & business. Whilst that is sitting in the charity’s Islamic bank accounts what is the status of the (halal) return generated? Does it have the same restrictions as the Interest capital? […]
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Can interest money be used for paying Council Tax and car insurance?
Q: Can interest money received be used for paying Council Tax and car insurance? Additionally should interest money be disposed with non Islamic charities? A: Interest money cannot be used to pay council tax or car insurance. It should instead be given to the poor or utilised in public welfare projects without any intention of […]
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