Question
Is conventional bank interest (sood) permissible?
Answer
No. Riba (interest) is categorically forbidden in the Qur’an and Sunnah. Taking or paying interest through conventional banking is impermissible. If interest has been credited to one’s account, it must be given away to the poor without expecting reward, purely to dispose of unlawful wealth.
وَاللّٰهُ أَعْلَمُ