A rich man has asked his bank where he deposits his money to calculate the interest on his money and pay it to the society.
For months, the society has received the interest from his account, but is it permissible for the society to accept this interest, especially when the society - as I told Your Eminence - builds hundreds of homes for those who need them?
First: It is obligatory that this man should stop making deposits for profit, whether the profit is allocated to the society or otherwise, because this is the Riba (usury/interest) that is Haram (prohibited) according to the Qur’an, Sunnah, and Ijma‘ (consensus of scholars).Second: It is permissible for the society to spend what it has received so far on its activities. However, if it is known that the interest will continue to be calculated, it is Haram for those responsible for the society to accept this money, as it is cooperating with the depositor in Riba and encouraging him to do so.
May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.