Jamiatul Ulama KZN

Can I use the interest money to pay bank charges?

· 28 Dhuʻl-Qiʻdah 1430 AH1 min readEnglish

Question

Can I use the interest money to pay bank charges?

Answer

Bank charges are legitimate service fees. Hence, it will not be permissible to use interest money to pay for bank charges.

And Allah Knows Best

Answered by
Mufti Suhail Tarmahomed
Checked & approved by
Mufti Ebrahim Desai
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Questions about this ruling, answered only from the archive with sources.

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Source: Jamiatul Ulama KZN — https://jamiat.org.za/can-i-use-the-interest-money-to-pay-bank-charges/
Fatawa SA: https://fatawa.co.za/fatwa/jamiat-342

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