The Government of Bangladesh is currently giving a 2% incentive on money sent by expatriate Bangladeshis, e.g. If you are a Bangladeshi national sending money back home, the government will add 2% to your transfer. The 2% incentive will be given to remittance receivers either as cash or into their bank accounts. Is it permissible to accept that 2% incentive or will it be considered as interest?
بسم الله الرحمن الرحيم
This 2% incentive is given by the government of Bangladesh as a gift to encourage more people to send money back home. It is not given by the bank to which the money is sent. Therefore, it is permissible to accept it.
Allah knows best
Syed Hussain ibn Imamuddin
8 Jumadal ula 1442 / 23 December 2020
Mufti Muhammad Tahir Wadee
Darul Uloom Bury, UK