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The Messenger of Allah said:
"There will come a time when there will be no one left who does not consume Riba, and whoever does not consume it will nevertheless be affected by residue."

Book 44, Hadith 7

"O you who believe! Fear Allah and give up what remains [due to you] of interest, if you should be true believers." [Qur`an 2:278]

If you have accrued interest from the bank and want to give it away you can do so by donating to our Interest Fund.

Donations will be used to carry out water, education, livelihoods and health projects across the world.

Explanation

The money that you are going to take after five years will be composed of the capital - which is the money paid by the company - and the riba-based profits - which are known as interest. Because riba-based money is not permissible for you, you have no right to take any more than the capital, and you have to leave the interest to the bank, because Allaah says (interpretation of the meaning): "but if you repent, you shall have your capital sums"

[al-Baqarah 2:279]

If the bank insists on your taking this haraam interest, then you should take it and you have to get rid of it by giving it to charity; it is not permissible for you to keep it or benefit from it in any way.

And Allaah knows best.