Q. Slmz Moulana What can you use intrest money for. A customer of mine that is non muslim owed me some money so he gave me post dated chq for 36 months including intrest.
(Question published as received)
A. It is Haraam to give or take interest. Rasulullah (Sallallahu Alaihi Wasallam) cursed the person who consumes interest, the person who pays it, the two witnesses to the interest bearing transaction and the person who records the interest bearing transaction” (Tirmizi, Hadith #: 1206)
You should first try to return the interest money to the customer.
If you are unable to return the money to the customer, you should give the interest in charity to the poor without the intention of gaining any reward.
Mufti Suhail Tarmahomed