Darul Ifta, Darul Uloom Azaadville

Can I use the interest earned on my bank accont to pay off the bank charges?

Published as Interest Earned On A Bank Account Used To Pay Bank Charges

· 8 Jumada I 1447 AH1 min readEnglish

Question

Can I use the interest earned on my bank accont to pay off the bank charges?

Answer

Bank charges are a legitimate fee that the bank levies for services that are rendered by them. By utilizing interest to pay these charges, you are taking benefit from the interest; hence this will not be permissible.

Approved by
Mufti Muhammed Saeed Motara Saheb D.B.
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Source: Darul Ifta, Darul Uloom Azaadville — https://www.iftadua.co.za/interest-earned-on-a-bank-account-used-to-pay-bank-charges/19152/
Fatawa SA: https://fatawa.co.za/fatwa/azaadville-19152

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