Question Summary:
Can I receive interest deliberately from saving account and give it to needy people without hoping for a reward? I just don’t feel good if bank makes profit from my money if I have a chequing(non-interest) account.

Question Detail:

Can I receive interest deliberately from saving account and give it to needy people without hoping for a reward? I just don't feel good if bank makes profit from my money if I have a chequing(non-interest) account.

Answer :

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatuh
 
In principle the facilities of conventional banking can be used due to need and necessity. Therefore, if you are putting your money into a savings account, the interest money must be given to the poor and needy with no intention of receiving reward. 
(Ahsan ul-Fatawa, 7/16, Saeed)
(Mahmoodiya, 16/381, Farooqiyah)
(Contemporary Fatawaa, 242, Islamiat)
 
And Allah knows best
Wassalam u Alaikum
Ml. Sajid bin Shabbir,
Student Darul Iftaa
Checked and Approved by:
Mufti Ebrahim Desai
Darul Iftaa, Madrassah In'aamiyyah

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