Islamic associations receiving funds from usurious banks

28-11-2007 | IslamWeb

Question:

Assalam Dar Al Falah community education association is a muslim association which teaches arabic and islamic studies to muslim children in the Glasgow community it is permited to apply for funds and grants to cover the running costs and charges of the school from funders like LLyods TSB and Abbey National charitable Trust banks my question is that: Is asking for funds from banks (LLoyds TSB) halal or haram jazakom allah khayr.
Answer:

 

 

All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad sallallaahu `alayhi wa sallam ( may Allaah exalt his mention ) is His slave and Messenger.

 

It is permissible to receive and ask for these funds and grants from banks which deal with Riba (interest and/or usury) regardless whether these grants are made from lawful or forbidden money because such Muslim associations and other general benefit of Muslims are among the fields that forbidden money may be spent, on the grounds of getting rid of it.

Allaah Knows best.

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