Paying back interest when taking a loan
Question
If one took a riba based loan, and he repents, should he repay only the capital portions of the loan or also the interest on the loan?
Answer
One should only pay the capital loan amount. However, if there are legal implications that one will have to face if one does not pay the riba amount, then if one pays it, he should sincerely repent and beg Allah Ta'ala to forgive him for getting involved in the grave sin of interest.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/35638
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-35638