Paying one's credit card account with interest money
Question
I had to pay some old due of my credit card. Can I pay that payment with the interest I received in my saving account?
Answer
No.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue
For corrections or mistakes, please email us at fatawasa786@gmail.com.
Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/13626
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-13626
People also ask
What should I do with bank interest?
“The receiving and giving of interest is totally impermissible. In the unfortunate event of being involved in an interest bearing transaction, the interest money must be returned to its original owner (the one from whom interest…”
MUBZ · 321 fatawa from 9 Darul Iftas on this
What the Darul Iftas sayIs using a credit card permissible?
“The monthly fee which the bank charges the credit card holder is not permissible. This amount is riba (interest). One is paying the bank this monthly fee in order to keep this credit facility open to him to qualify for credit…”
Mufti Online · 121 fatawa from 6 Darul Iftas on this
What the Darul Iftas say