Date

BlogTalk Radio

>

Friday, September 4, 2009

What tWhat To do with Riba (interest) Money of a New Muslim

What to do with Riba (interest) Money of a New Muslim
Question:

I am a recent Muslim and I still get various answers to what i should do with riba money left in my account as in what to do with it? Some told me give it to charities, some to poor people and some to give back to bank! They all seem good but I need to know the real answer, as in the true one?
Answer:

All praise is due to Allah and may Allah shower peace and blessings upon His Messenger, as for what follows.

The answer to the questioner's inquiry, in which he mentions that he embraced Islam and has some wealth derived from usurious (interest-laiden) financial transactions during his time as a Non-Muslim, so what does he do with it? We respond saying:

Whatever usurious monies or transactions were a part of his wealth during his period of Kufr (disbelief), he is not at fault for them.

Also, any transactions set into motion during his period of Kufr and then continued after accepting Islam, and these contracts continue between him and others (like usurious loans and sales), then it is not allowed for him to benefit from them and he has no claim to those benefits and must only take what Islam has allowed for him to take, which is the initial capital.

This is due to Allah's statement, "... and if you make Taubah (repentance). 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-Baqarah 2:279]

Also, the Hadith during the Prophet's - sallAllaahu `alayhi wa sallam - fairwell Hajj (pilgrimage), "Verily, all usurious dues accruing from Jahiliyyah (pre-Islamic era) stand wiped out. And the first amount of interest that I remit is that which Abbas bin Abdul Mutallib had to receive. Verily, it is being remitted entirely. You shall have your capital sums. Deal not unjustly, and you shall not be dealt with unjustly."

And all praise is due to Allah, Lord of the world

After answering the question, the Shaikh added:

The Prophet -sallAllaahu `alayhi wa sallam - never ordered those who embrace Islam -from the Sahabah- to get rid of the usurious monies from their (existing) wealth.

Shaykh Muhammad bin Haadee al-Madkhalee






0 Comments:

Comment Section

Greenville Masjid Information Center

Greenville Masjid



As salaamou alikum wa Rahmatuallah wa Baraktu The GreenvilleMasjid it's Located @ 96 Meridian Ave.

Taylors, SC 29687 .
Phone: 864-292-2219

**Please Note On Friday"s Jumma is held at the Upstate Islamic Center(UIC) 1601 Clement Drive,Greer,SC Please check Website for Additional information.



Insha allah Make Du'aa and Keep in Mind the Construction of the New Masjid and Islamic School
As- Sabeel Academy << click here.



Also Keep in mind the After school Program"As-Sabeel "Enrichment Hour". refer to below email for Details insha allah. If any Question about Volunteering Refer below as well.



Volunteers Needed !!



Other Local Masjid In the Upstate!!

Clemson Sc





Greenville Masjid News Letter

Upstate Islamic Center

Halal Market: HolyLand International Grocery
200 North PleasantBurg Drive(Unit C)
Greenville SC, 29607
864-248-4841

Pita Grille
3217 WadeHampton Boulevard
Taylors, SC , 29687 (864) 292-8200
Pita Grille <<


Popular Posts

 

blogger templates | Make Money Online