JOIN OUR MAILING LIST     facebook    twitter    skype

Guest Impressions

N.B. Rulings are given in accordance with the Hanafi school of thought

Using Interest to pay a bonus

Q: Can Interest monies be used to pay bonuses for staff e.g. maid, gardener etc.?

A: Interest monies incidentally accrued should be given to the poor and needy without the intention of reward. Hence, if the domestic helper or gardener are needy then this can be given to them, not as payment and without the intention of reward. However, giving interest monies to an employee as a bonus that was contractually stipulated will not be valid. Such bonuses must be paid as remuneration from lawful funds. This may also be the case where there has been a general practice of paying such a bonus and there is an unwritten 'obligation' or 'expectation'.

And Allah Ta'ala Knows Best

Darul Ihsan Fatwa Dept

Leave a comment


Anti-spam: complete the taskJoomla CAPTCHA

What is your question?

GET CONNECTED WITH US       facebook       twitter      skype