Darul Iftaa Mahmudiyyah

Can I disburse of interest by paying Rands locally against interest earned on a bank account overseas in US Dollars thereby making the US Dollars halaal?

· 7 Jumada II 1421 AH1 min readFatwa 722English

Question

Rand = South African currency

Answer

It is permissible to convert the interest amount of dollars and pay in Rands.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/722
Fatawa SA: https://fatawa.co.za/fatwa/askimam-722

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