Bismillah As salaamu alaikum

I have received Bdt 100000.00 dividend as a shareholder of a private company. I have calculated the interest portion of that dividend and it is around Bdt 5000.00. Now I am purchasing a car. May that interest be used for paying car registration fee and VAT ?

May Allah Azza Oa Jal keep you in Aafiyat in dunia and aakhirat.
asked Dec 14, 2017 in Usury / Insurance by hussainrumman

1 Answer

Ref. No. 39 / 873

In the name of Allah the most Gracious the most Merciful

The answer to your question is hereunder:

No, it is not allowed. You have to give this amount of interest to needy and poor people without making any intention of reward.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

answered Jan 1, 2018 by Darul Ifta