QUESTION: Is it permissible to claim tax rebates on interest bearing savings scheme (Deposit Pension Scheme) or government savings certificate if all the interest received is donated to charity?
QUESTION: Is it permissible to claim tax rebates on interest bearing savings scheme (Deposit Pension Scheme) or government savings certificate if all the interest received is donated to charity?
20Oct
ANSWER:
It is not permissible to participate willingly in an interest based saving scheme as this is riba, even if one donates the riba to charity.
QUESTION: Is it permissible to claim tax rebates on interest bearing savings scheme (Deposit Pension Scheme) or government savings certificate if all the interest received is donated to charity?