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Inheritance and interests

Printed From: WhyIslam.org
Category: WhyIslam
Forum Name: Questions and Discussions about Islam
Forum Discription: For question and general discussion about Islam. Open to all members.
URL: http://www.whyislam.org/forum/forum_posts.asp?TID=25180
Printed Date: 24 March 2019 at 7:45am
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Topic: Inheritance and interests
Posted By: Nura
Subject: Inheritance and interests
Date Posted: 22 April 2009 at 2:49am
Some months ago my dear uncle passed away and left me a certain sum of money in form of investment fonds. This money gives about 5% interest every year.
My first question is what should I do with those interests? Should I spend in charity or do I have to take the money away from that bank?
A sister told me that it is not permitted that I inherit money from a non-muslim relative, is it true? If yes, should I give the money to a non-muslim relative, for example my parents? But I fear they won't understand me, they will think I'm not thankful towards my uncle and that I dishonor his memory and such things...so my parents would hate Islam even more than they do now.


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Spare me the political events and power struggles, as the whole earth is my homeland and all men are my fellow countrymen. K.Gibran



Replies:
Posted By: Al-Cordoby
Date Posted: 22 April 2009 at 4:03am
Assalam Alaikom sister
 
There are more than one opinion on both matters, especially for Muslims living in non-Muslim countries, where the Fiqh of Muslim Minorities applies
 
It also depends on whether you need that money or whether it is extra, i.e. you could do without. My personal suggestion would be to take that money out and put it in an Islamic Bank, if you have one available
 
After that, you could study the matter further to reach the right decision
 
This is what IOL Fatwa Bank has in answer to similar questions:
 
http://www.islamonline.net/servlet/Satellite?pagename=IslamOnline-English-Ask_Scholar/FatwaE/FatwaE&cid=1119503544040 - Interfaith Inheritance
 
http://www.islamonline.net/servlet/Satellite?pagename=IslamOnline-English-Ask_Scholar/FatwaE/FatwaE&cid=1119503547716 - What to Do With Bank Interest
 
http://www.islamonline.net/servlet/Satellite?pagename=IslamOnline-English-Ask_Scholar/FatwaE/FatwaE&cid=1119503543718 - Should We Take Interest Money or Leave It for the Bank?
 
With this background, I would suggest you contact a qualfied Mufti who lives in Europe in order to give you the right answer
 
If you have access to the European Council for Research and Iftaa, you may wish to try to contact them directly
 
This is their web site:
 
http://www.e-cfr.org/en/ - http://www.e-cfr.org/en/
 
In all cases, if your parents may get upset if you return the money, don't let them know
 


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Think Win-Win for a better world for all...

http://cortoby.blogspot.com/ - My Blog
http://www.muslimheritage.com/ - Muslim Heritage



Posted By: whirlingEcstasy
Date Posted: 22 April 2009 at 10:08am
The rulings of dar al harb are different from rulings in dar al islam especially with respect to riba. Consult a good scholar on rulins for dar al harb

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Slave of ibn Arabi, Muqallid of Shaykh Sayed Abdul Qadir Al Gailany alaihira7ma wa ridhwan


Posted By: Nura
Date Posted: 23 April 2009 at 4:25am
As-salam alykum,
 
thank you for the links. The common opinion is that there is no interfaith inheritance,anyway some scholars hold the view that a Muslim could inherit from a non-Muslim but not viceversa.
About the interests there is no doubt, they are not allowed.
 
Now I have another problem. I have talked with my husband about it and he says, we should keep the money because it's not haram (his argument is that low interests just compensate the loss of value of our money caused by inflaction). There is really no way to convince him. What should I do? If I take the money away it would make him angry with me and cause disharmony in our family.


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Spare me the political events and power struggles, as the whole earth is my homeland and all men are my fellow countrymen. K.Gibran


Posted By: Al-Cordoby
Date Posted: 23 April 2009 at 4:52am
Your husband's opinon has a basis and in fact is in-line with that of a renowned and trustworthy scholar, Dr. Ali Jumu'ah, the Mufti of Egypt
 
If your husband insists, then don't use the interest money in any items related to food or clothing
 
If it's a must that you use this money, you could use it to pay utility bills or something similar
 
The sooner you can transfer these funds to an Islamic bank, the less doubts you would have
 
Were you able to contact the European Council for Fatwa and Research?
 
 


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Think Win-Win for a better world for all...

http://cortoby.blogspot.com/ - My Blog
http://www.muslimheritage.com/ - Muslim Heritage



Posted By: Nura
Date Posted: 24 April 2009 at 5:36am
Thank you brother, I haven't contacted them yet, I will try now inshaAllah. Anyway one of the links you provided from IOL was from the european council of research. I will ask them more about interests in general, because I think it's an issue that touches every Muslim who lives in non-Muslim countries.
 
I am happy that my husband's opinion is in line with the one of a renewed scholar, this means the issue is complicated and we aren't actually doing haram.
 
But yes, we will try to bring the money to Egypt and leave it there, since we don't know any islamic bank here.


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Spare me the political events and power struggles, as the whole earth is my homeland and all men are my fellow countrymen. K.Gibran



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