Darul Iftaa Mahmudiyyah

Are you allowed to take your interest from your bank account and use it for yourself in this country (Britain)?

· 19 Ramadan 1421 AH1 min readFatwa 1747English

Question

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

Are you allowed to take your interest from your bank account and use it for yourself in this country (Britain)?

Answer

It is permissible to use the interest earned from one bank to offset interest charges of the same back only.

And Allah Ta'ala knows best

Mufti E. Desai

Answered by
Mufti E. Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/1747
Fatawa SA: https://fatawa.co.za/fatwa/askimam-1747

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