Offload Your Bank Interest /Riba

45.55 %

₹ 455,541 Raised

₹ 1,000,000 Goal

53 days left

Other Causes

IndiaZakat Interest Offloading Fund
Purify Your Wealth
 

Riba/Interest is haraam and NOT permissible for Muslims to keep it or benefit from it in any way. Usually, Muslims do not use the interest money and try to donate it in a good cause, without the niyat of Sawab. However, most of the times they do not know where or which cause it should be given to.

In the Holy Qur'an, Allah SWT says, “Allah destroys all blessings from interest and increases generously the reward for charity.” [Surah al-Baqarah, 276]

Interest has become so completely institutionalized and accepted in today’s economies that it is almost impossible to stay away from paying or receiving interest. Quarterly interest deposited by your bank in your Salary/Savings Account is one such source, though the amount is small, it still is categorised as interest.

The Fuqah and Scholars from all schools of thoughts have agreed on the usage of the Interest for helping the needy, instead of leaving it in the bank for some UN-ISLAMIC acts. The interest that the bank gives you, do not give it back to the bank (else they use it to earn more interest and can sometime use in unshariah ways ), and do not consume it yourself. Rather spend it on charitable causes, such as giving it to the poor and needy or supporting community-based projects, without the niyat of Sawab.

Alhamdulillah! AMP provides a platform to people to donate their Quarterly/Annual interest in charity so that this amount can be used by AMP for the upliftment of the Muslim Ummah by way of Educational & Economic empowerment. Your interest is utilised in Shariah-compliant welfare projects as well for administrative costs like;

  • Livelihood support for orphans, widows, poor & needy
  • Skill development of small entrepreneurs
  • Healthcare needs of disadvantaged people
  • Emergency relief to disaster-affected people
  • Support to physically challenged persons
  • Support to deserving persons of other faiths
  • Tax & Audit regulation compliance expenses
  • Company legal expenses
  • Social Media promotion expenses
  • Operational & Administration expenses

Note:

1) Interest money, according to the most careful opinion, is good for any charitable purpose (including educational fees for poor students). Interest Money should NOT be used for building the mosques or printing the Quran.’ 
2) It is always better to consult with Scholars of your choice, instead of understanding Deen from Google, on the issues related to HARAAM and HALAAL.
3) Please find attached a document containing interest money related fatwas.

Now get rid of interest by donating at IndiaZakat.com in an easy manner. Your donations will help us support disadvantaged lives, and will be utilised in Shariah-compliant projects and expenses. Come forward & make a difference!
 

Donate with confidence!

It’s now easier and more accessible for you to purify your Wealth!

Regards & Jazak Allah Khair!
Team IndiaZakat.com

Note: Please share this special opportunity with your friends and family as well.

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AMPIndia

Created -11 Mar, 2025
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