The ruling on taking Riba Profits and spending it in Charity on the Poor

Question :

What is the method of dealing with interest profits from the banks? Should they be left for the bank or should the person take it and spend it in charity due to fear of the matter of Riba?

Answer:

I prefer that it should be taken and spent in charity on the poor Muslims and there is no sin on the person, if Allâh wills, as long as he does not devour it (i.e., use it for himself). It does not become Riba on the poor people. Rather, it is money that its owner gets in a forbidden way, thus he must give it away in charity, just like that which is stolen and that which is taken by force, when it is not expected that its owner will be found. The same applies to dealing with forbidden wealth when repenting from it, like prostitution money, the price paid for a dog and so forth.

Source:
Ash-Shaykh Ibn Jibreen
Fatawa Islamiyah, Vol. 3 Page 407

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