Banking: Ruling on Accepting Prizes from Ribā-Free Loan Deposits and Khums Implications

Practical Laws of Islam as per the teachings of Imam Khamenei

Banking: Ruling on Accepting Prizes from Ribā-Free Loan Deposits and Khums Implications

English:

Question #1930:

Prizes are granted for deposits by way of ribā-free loans. What is the view on receiving such prizes? And assuming that taking receipt of such prizes is permissible; would the money be liable to khums?

Answer #1930:

There is no problem in depositing money by way of ribā-free loans and the prize given thereof. The prize should not be liable for payment of khums.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Banking