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Regarding stolen money as purification of haraam wealth

Fatwaa ID: 1814

Question:
Assalamu alaikum wrwb,

If an individual maintains a record of their interest money but then loses an equivalent amount of money due to theft, can they consider it as the loss of their interest money?

Answer:
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

At the outset, it is haraam to accrue interest even if one intends to give it away. One must choose an interest free account. Nevertheless, money that was lost due to theft cannot be regarded as you purifying your wealth and giving away interest money. That was not in your choice. You must voluntarily give it away. It should be noted that haraam money removes the barakah from one’s wealth and becomes a means of regret.

And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
https://askthemufti.us/

03/17/1445 AH – 10/03/2023 CE | AML1-8369

وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين

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