Can we give out the interest profit to the poor?

There is some interest profit at our bank. According to the researches, we are led to the conclusion that we can give interest profit out of good deed to a school or a charity organization or a family at a pinch. However, they should not know that it is interest profit. My question is: Is this money haraam for the receiver if he/she knows that the money is interest profit. We had told the receiver who is in dire need of money that it was interest profit. But when a scholar said that we should not tell the source of money, we got confused. Could you inform us on this issue?

Interest profit is not like pork or wine. It is not possible to distinguish the money earned in a halal way from the unlawful (haraam) profit. Interest profit is haraam only to the person who obtains the interest.  If interest were haraam to the people other than that person, using our money on hand would have been haraam, because  that money could have come to us as the output of many unlawful activities.

The important thing is to not take the interest and to return it even if we had taken it at first. However, banks do not take back the interest in this time and day. Therefore it must be given away via the methods you mentioned.

The person who gets the money can be troubled with it, if he/she knows that it is interest profit.

Besides, being known that you take interest is not good for you. It is necessary to cover a multitude of sins.  Thus, not telling it is much better. Even if you tell that the money is interest profit, it is not haraam to the receiver.

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Date: Dec 17, 2012