format_quote Originally Posted by
Argamemnon
ve aleykum selam,
because i had a bank account of course -- i think i'm able to determine the amount of interest, but the question is to whom i should give it. can I give it to my father who has a debt? or do i have to give it to the poor? i'm sorry my initial question wasn't very clear..
Asalaamu Alaikum, Interest monies must be given to the poor and needy who are eligible to accept Zakaat without the intention of reward. However, interest received from government institutes, eg. post office could be used to offset government taxes. Interest received from private banks cannot be used to offset taxes. It may be used to offset interest charged from the same bank.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
Source:http://www.askimam.org/fatwa/fatwa.p...4e8b8319b2821a
Therefore calculate the exact amount of interest you earned and give that away to the poor and needy who are eligable for Zakaat. In future if you can change to an account which does not earn you interest then that would be far better inshallah.
And Allah knows best in all matters