I Keep My Money in a Swedish Bank, and at the End of the Year the Bank Gives Me - Jurisprudential Answers - Miscellaneous Issues, Vol 1

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Question 95

I keep my money in a Swedish bank, and at the end of the year the bank gives me interest. I send that interest to poor people in Iraq in order to avoid riba. I assume I receive no reward for this, but I want to stay away from riba. I am also compelled to keep my money in the bank to protect it from theft. Am I acting correctly or incorrectly?

Ahmed al-Hasan Response:

Riba applies between believers, and between a believer and a Muslim who does not show hostility toward the family of Muhammad (a) in word or deed. There is no riba between a Muslim and a non-Muslim. Therefore, the interest given to you by the bank belongs to you. You may spend it on yourself, give it in charity, or use it as you wish in a way pleasing to God. You are rewarded for giving it in charity because it is money you own and have given in charity.

Source: Jurisprudential Answers - Miscellaneous Issues, Vol 1; Author: Imam Ahmed Al-Hasan; Question 95; Page Not available; FIQH-MISC-V1-Q095. View Arabic source · Open the original Arabic source ↗

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  1. ↑ Ahmed Al-Hasan. Jurisprudential Answers - Miscellaneous Issues, Vol 1. Question 95; Page Not available. FIQH-MISC-V1-Q095. View Arabic source
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Ahmed Al-Hasan. Jurisprudential Answers - Miscellaneous Issues, Vol 1. Question: 95. Page: Not available. FIQH-MISC-V1-Q095. https://ahmedalhasan.org/ar/Library/BookContent/97