Assalamu alaikum wa Rahmatullahi wa Barakatuh,
A question from the book, The Institutions of State in the Khilafah (in Ruling and Administration) regarding money of Riba (usury) after the establishment of the Khalifah state of giving its capital to its owners ... Question: What we will do with the money of Riba? Is it permissible for the state to confiscate it and invest it? Is the cash that comes from the property of Riba as banknotes is haram in itself, or is it due to the action?
From Safeer Al-Khilafah