Darul Iftaa Mahmudiyyah

Is it permisable to use interest money to pay for brokerage and share purchasing expenses? Also to pay for bank charges?

· 11 Ramadan 1425 AH1 min readFatwa 12995English

Question

The question text was not published separately; the title stands in for it.

Is it permisable to use interest money to pay for brokerage and share purchasing expenses? Also to pay for bank charges?

Answer

No, it is not permissible to use interest for this purpose.

Interest should be given away to the poor without any intention of reward.

and Allah Ta'ala Knows Best

Mufti Muhammad Kadwa
FATWA DEPT.

Answered by
Mufti Muhammad Kadwa
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/12995
Fatawa SA: https://fatawa.co.za/fatwa/askimam-12995

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