Mufti Online — Madrasah Ta'leemuddeen

Using interest money to offset bank charges

· 11 Rajab 1439 AH1 min readEnglish

Question

Can you use interest money to offset bank charges?

Answer

It is not permissible to use interest to pay for any service. Interest should be disposed of by giving it to the poor without the intention of receiving reward.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/25175
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-25175

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