Mufti Online — Madrasah Ta'leemuddeen

Paying debts with interest money

· 30 Rabiʻ II 1447 AH1 min readEnglish

Question

The bank gives a percentage of interest on money in your savings account. Is it permissible to use this money to pay off debts?

Answer

It is not permissible to pay debts with interest money. However, if you are poor and eligible to receive zakaat, then it will be permissible for you to use the interest money to pay your debts.

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/36288
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-36288

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