Thursday, April 7, 2011

Fw: Yearly Closing Of Bank Accounts + ARE YOU AT WAR WITH ALLAH ...

-------Original Message------- 
Date: 05-04-2011 08:41:06 PM
Subject: [AllahoAkbarGroup] Yearly Closing Of Bank Accounts + ARE YOU AT WAR WITH ALLAH ...

In the name of Allah, the Most-Merciful, the All-Compassionate
"May the Peace and Blessings of Allah be Upon You"


Praise be to Allaah, we seek His help and His forgiveness. We seek refuge with Allaah from the evil of our own souls and from our bad deeds. Whomsoever Allaah guides will never be led astray, and whomsoever Allaah leaves astray, no one can guide. I bear witness that there is no god but Allaah, and I bear witness that Muhammad is His slave and Messenger.
Bismillah Walhamdulillah Was Salaatu Was Salaam 'Ala Rasulillah
As-Salaam Alaikum Wa-Rahmatullahi Wa-Barakatuhu
Yearly Closing Of  Bank Accounts
- Adil ibn Manzoor Khan 

Almost all of us have one or more Bank accounts. We either keep our money in FD (Fixed Deposit) /Savings accounts and we get interests on the capital amount .


Although the interest amount may be small or big, the question arises "what to do with the Interest money which is added by the bank into our account"?



For example I have "Salaried Account" in a Savings Bank (which the employer has opened for me). If I was given the choice I would have definitely opened as "Current Account" (non-interest paying account). But now what should I do ?


I am sure there will be many people ,just like me in various countries and not necessary that they may be aware of the ruling.


Allah Says in Quran,

"O you who believe! Eat not Riba (usury/interest) doubled and multiplied, but fear Allâh that you may be successful." (Imran,3:130)

In that case, What I do ???

After April 1st ( Yearly Closing of bank ), I just check how much money I have received as interest in my account in the entire year.


That  interest money I withdraw from the bank and keep it in a different place. I also make sure that it is  not be mix with my Halal household money nor is used for my daily expenditure nor for our personal necessities .


I make sure that I spend this money only on poor (either by giving in charity in one go or in phases) WITHOUT the intention of  seeking reward from Allah swt, because it is not counted as charity (Sadqat) /Alms (Zakat) etc.



Charity/Zakat only implies from our OWN money/Halal earnings. Whereas the interest money ,that banks gives us on our deposit/savings, is in fact NOT ours.

So it is haraam to have and consume it.



Remember, interest money is Haraam . So CANNOT be given to mosque or for other Islamic purpose.

Misconception among Muslim ummah :

1: This interest money we can give to masjid to build toilets/abulution rooms/etc.

Answer is NO.

Because it is part of the masjid.

2: Some muftis say in todays age where govt taxes our income , it is acceptable to take/use "Interest Money"

Answer is NO.

Just because 1 or 2 or even if the whole ummah says "haraam" as "halal".... It would be still "haraam".

The haraam ruling has been given not by you or me but by Allah swt in the Quraan

"O you who believe! Be afraid of Allaah and  give up what remains (due to you) from Ribaa if you are (really) believers."

And then He WARNS us:
"And if you do not do it, then take  a notice of war from Allaah and His Messenger, but if you repent, you shall have  your capital sums. Deal not unjustly (by asking more than your capital sums),  and you shall not be dealt with unjustly."

So , if you still want to take interest money then be prepared to have a WAR with Allah swt and his Messenger (pbuh).

Taking of Interest is forbidden by Allah swt.


A.You will be possessed by a Jinn on the Day of Judgment [The Noble Qur'aan, Soorah Al-Baqarah - 2:275]


B. It is a declaration of war with Allaah.

[The Noble Quraan, Soorah Al-Baqarah 2:279]

C.It is a punishment in the grave. You will have you grave turned into a pool of blood and angels will be throwing rocks into you face and that will make you drown. [Saheeh Bukhaari, Volume 2, Book 23, # 468]


D. It is one of the destructive sins.

[Saheeh Bukhaari, Volume 8, Book 82, # 840]


E. The Prophet (peace be upon him) forbade paying/receing it.

[Saheeh Bukhaari, Volume 3, Book 34, # 299]


F. The Prophet (peace be upon him) said, "Interest has 70 levels, and the least serious of which is equivalent to a man performing incest (intercourse) with his own mother."

[Saheeh al – Jaami as – Sagheer, Volume 1, #3541]


G. The payer and receiver are cursed.

[Saheeh Muslim, Volume 3, #3881]



"And if you do not do it, then take a notice of war from Allâh and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums)." (Al-Baqara-2:279)

So, We should remove the interest money from our halal income.



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