Interest

In surah Baqarah Allah swt says:  

يَـٰٓأَيُّهَا ٱلَّذِينَ ءَامَنُوا۟ ٱتَّقُوا۟ ٱللَّهَ وَذَرُوا۟ مَا بَقِىَ مِنَ ٱلرِّبَوٰٓا۟ إِن كُنتُم مُّؤْمِنِينَ  ٢٧٨  فَإِن لَّمْ تَفْعَلُوا۟ فَأْذَنُوا۟ بِحَرْبٍۢ مِّنَ ٱللَّهِ وَرَسُولِهِۦ ۖ وَإِن تُبْتُمْ فَلَكُمْ رُءُوسُأَمْوَٰلِكُمْ لَا تَظْلِمُونَ وَلَا تُظْلَمُونَ ٢٧٩  

O believers! Fear Allah, and give up outstanding interest if you are ˹true˺ believers. (278) If you do not, then beware of a war with Allah and His Messenger! But if you repent, you may retain your principal—neither inflicting nor suffering harm. (279) 

In Islam, ridding yourself of interest money by giving it to charity is a responsible and ethical way to rid oneself of riba’s negative effects. It serves as a step toward financial and spiritual purity, helping Muslims align their wealth with the principles of Islamic finance. Through this act, believers contribute to the well-being of society while upholding the values of justice and compassion prescribed in the Qur'an and Sunnah. 

What can the money be used on? 

Money from riba can be used for things such as roads, bathrooms or other aspects of projects which are similar.