It is not permissible to pay off your student loan or utility bills with interest money. You cannot use your interest money for any of your personal expenses or spend it on the people you are responsible for Islamically to spend on.
We rely on our generous community to create a lasting impact and ensure the continuous operations of your Masjid as the gathering place, school, and house of worship for Muslims across the Triangle.
Those who spend their wealth in charity day and night, secretly and openly—their reward is with their Lord, and there will be no fear for them, nor will they grieve.”
– The Holy Quran 2:274