Purify Your Wealth!

Riba/Interest is haram and NOT permissible for Muslims to keep it or benefit from it in any way. Alhamdulillah usually, Muslims do not use the interest money and try to donate it in a good cause. However, most of the times they do not know what are the Shariah rulings and to whom 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]

Further, Prophet (SAW)’s hadiths also explain that there is no difference between the one who pays interest and the one who receives it. Thus, first and foremost one who believes in Allah and the Last Day, must immediately abstain and stop from dealing in any interest related activities. May Allah guide us!

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. About the interest that the bank has given to you, do not give it back to the bank (else they use it to earn more interest and can sometime use against us), and do not consume it yourself. Rather spend it on charitable causes, such as giving it to the poor and needy. The scholars have deduced that the ‘ill-gotten money’ cannot be counted as charity, rather it has to be ‘disposed’ by means of donating it to the poor or supporting community-based projects.

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
• Social Media promotion expenses
• Operational & Administration expenses