Fatwa on Bank Interest

Azharul Fatawa – Collection of English Fatawa
by Taajush Shariah Hadrat Allama Mufti Mohammed Akhtar Raza Khan Azhari al-Qaadiri

Your holiness, Mufti Saheb. I request your honour to give the verdict on the following questions. May Allah Ta’ala reward you.

Question 1: Is interest totally unlawful? On which condition is the profit considered as interest?

Question 2: May a Muslim take the profit on his deposited money in the banks and the post offices which they term as “interest” in countries such as India, Britain and South Africa, etc.

ANSWER

ABDUL QADIR GILLANI radi allahu anhu

SAIYED-US-SADAT QUTUB-UL-WUJOOD, RAIS-UL-MAHBOOBEEN, QUTB-UL-AQTAB,  GHAUS-US-AZAM  AL-SAIYED AL-SHEIKH, ABDUL QADIR GILLANI,

Son of Al Saiyed Abu Saleh Musa Jangi Dos,

Son of Al Saiyed Abdullah Al-Jiyeli,

Son of Al Saiyed Yahya Al-Zahid,

Son of Al Saiyed Muhammad,

Son of Al Saiyed Dawood,

Son of Al Saiyed Musa,

Son of Al Saiyed Abdullah,

Son of Al Saiyed Mussa-Ul-Jown,