Mufti Online — Madrasah Ta'leemuddeen

Can a person use interest money to pay off the interest of a bond?

Published as Using interest money to fix potholes and to pay off interest of a bond

· 5 Dhuʻl-Qiʻdah 1444 AH1 min readEnglish

Question

I wanted to find out about the following to questions regarding interest.

1. Is it permissible to hire out people with interest money to repair potholes which the government supposed to do and are not doing so. Would it affect the maslah if the person who gave the interest money to repair the roads is also using the roads and taking benefit from this interest money?

2.Can a person use interest money to pay off the interest of a bond?

Answer

1. No, interest should not be used for this purpose. Rather, interest money should be given to a poor person without the intention of receiving any reward.

2. If the person is poor, then he may be assisted for this purpose. However, he should be explained regarding the severity and curse of getting involved in interest and taking interest bearing loans. Similarly, he should make sincere taubah for getting involved in this grave sin and he should refrain from this sin in the future.

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/33815
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