Donate your Interest Money today

In Islam, the concept of interest, known as Riba, holds significant weight. It refers to the surplus charged on borrowed money, a practice expressly prohibited in Islamic teachings. Despite efforts to steer clear of it, many inadvertently find themselves entangled in its web. 

Understanding Permissibility

Islamic principles unequivocally forbid the dealing with interest, both in giving and receiving. This stems from divine directives that caution against engaging in transactions tainted by Riba. The Holy Qur'an instructs believers to abstain from interest-based dealings, emphasising the importance of righteousness and fairness in financial matters. As stated in 

Surah Al-Baqarah (2:275): "Those who devour usury will not stand except as stand one whom the Devil has driven to madness by (his) touch. That is because they say: 'Trade is just like usury,' but Allah hath permitted trade and forbidden usury." 

Additionally, the Hadith warns of the pervasive nature of interest: "A time will surely come upon people in which none will remain but that he consumes usury. If he does not consume it, he will be afflicted by its dust." (Sunan Abī Dāwūd 3331)

What to do with interest money?

In light of its impermissibility, what then becomes of interest money that inadvertently accumulates?  Islamic teachings offer a solution: directing such funds towards charitable causes. Although there may not be a religious reward associated with this act, it serves as a means of purifying wealth and aiding those in need. As a charity, we adhere to this principle, ensuring that any interest funds received are channelled towards noble causes that benefit society as a whole.

As we navigate the complexities of modern finance, we acknowledge our shortcomings and seek forgiveness from Allah for any inadvertent dealings with interest. Rethink Charity will endeavour to navigate financial matters in accordance with the correct teachings and we ask for our efforts in purifying our wealth through charitable endeavours to be accepted in His sight.